Tuku Morgan supports the sale of state owned assets

So says Waatea journalist Adam Gifford:

Tainui looks to asset sales gold rush

Waikato Tainui leader Tukuroirangi Morgan says state assets are an ideal investment for iwi.

Mr Morgan is supporting Prime Minister John Key’s plan to sell shares in the state-owned energy companies if National is re-elected.

He says Tainui has the option to buy Genesis Energy’s Huntly Power Station if it is ever sold, and it also wants shares in Mighty River Power, which owns the hydro dams on the Waikato River.

“Here’s an opportunity for us to secure a slice in some of the most successful SOEs in this country, and who better to buy. If you sell to Maori, we don’t expect the prices to be discounted, we’ll never sell. They’re an investment that we will keep for those that come after us,” he says.

Mr Morgan says Tainui has discussed pooling its resources with Ngai Tahu to invest, and there could be opportunities for smaller iwi to participate.


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