The Treasury would have liked more "Mum and Dad" small investors to have bought shares in electricity generators Mighty River Power and Meridian Energy. But the department believes it has otherwise satisfied Government objectives in its management of the partial asset sales programme.
Those objectives included ensuring taxpayers got value for money from the float of 49 per cent of the two former state-owned enterprises and that a high proportion of those shares remained in New Zealand hands.
In an interview with the Herald, the Secretary of the Treasury, Gabriel Makhlouf, said it had been some time since the previous major privatisation - Contact Energy in 1999 - and his department had learned some lessons during the current series of floats.
The principal one was communication, both in dealing with stakeholders like iwi who tried to block the floats to informing potential investors of exactly what the Treasury was seeking to achieve. "You can never do too much of it."
Makhlouf said everyone involved in the partial floats had wanted greater take up of the share offers by so-called 'Mum and Dad' investors.