Growing Wariness of State-Owned Asset Prowlers

Published March 26, 2008

Don't look now, but New Zealand politicians have a beaver gnawing at their legs.

For months, the New Zealand government has been wrestling over a bid by the Canada Pension Plan Investment Board to purchase a 40 per cent stake in the Auckland airport, the country's largest.

Although a bloc of shareholders recently gave its blessing to the $1.4-billion purchase, the deal must receive official...

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