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29Sep/130

NZ PM Key sees lower asset sale proceeds, no Solid Energy sale

WELLINGTON - New Zealand Prime Minister John Key said on Monday he expected proceeds from the sale of state-owned assets would be near the low-end of the expected range of NZ$5 billion-NZ$7 billion ($4.13 billion-$5.78 billion) due in part because the troubled coal miner Solid Energy would not be coming to the market.

reuters.com

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