Work will begin soon on assessing which state assets, if any, will be put on National’s for-sale list going into the next election, says the Prime Minister.

John Key indicated yesterday that any part-sale of Kiwibank would be a public float and not a trade sale and that the Government would want to retain a majority shareholding.

But he warned reporters at his post-Cabinet press conference not to assume that National’s moratorium on sales would be lifted.

“I certainly wouldn’t get ahead of yourselves. I’m not saying there couldn’t be a change. It’s possible but I also wouldn’t guarantee that there would be one.”

[ our glorious leader at work ]

*Most valuable*

Net Worth 2010

*** AsureQuality: $33m
*** Genesis: $1.4b
*** Kordia: $99m
*** Landcorp: $1.36b
*** Meridian Energy: $4.28b
*** Mighty River Power: $2.62b
*** NZ Post: $728m
*** KiwiRail Group: $12.88b
*** Solid Energy: $410m
*** Transpower: $1.53b
*** Radio NZ: $52m
*** TVNZ: $211m
*** Lotteries Commission: $42m
*** Chch Airport shares: $143m
*** Dunedin Airport: $15m
*** Kiwibank: $290m[2009]

Read the rest at The New Zealand Tabloid