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New Zealand to sell stake in 2nd power company

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WELLINGTON, New Zealand (AP) — New Zealand will sell a minority stake in a second power company this year as part of a plan to balance its books. The government on Thursday announced it plans to list state-owned Meridian Energy on the stock market by the end of the year. Last week, the government raised 1.7 billion New Zealand dollars ($1.4 billion) by selling a 49 percent stake in Mighty River...

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