The Treasury's total costs for the Government's share offer programme were
This is slightly below the 2 per cent estimate made at the start of the programme, which excluded costs to the share offer companies themselves and the cost of incentives to
"This final cost is low by the standards of share offers in both
Of the Treasury's
The share offer companies themselves incurred an extra
"Firstly, it has raised billions of dollars that we can spend on new public assets New Zealanders want, without having to borrow overseas.
"Secondly, through each of the four share offers we achieved more than 85 per cent
"Thirdly, the share offers have deepened and strengthened our capital markets, with the
"Fourthly, 111,000 common shareholder numbers have been issued during the share offer programme, indicating that tens of thousands of New Zealanders have become shareholders for the first time.
"Finally, mixed ownership will be good for the companies themselves, giving them extra scrutiny and accountability, and additional sources of capital,"
The final share offer programme cost details are available at: http://www.treasury.govt.nz/commercial/resources/pdfs/mixed-ownership-model/mom-cipgso-final-20jun14.pdf
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