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Genesis spend $765k preparing for partial sale

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Business News | Thursday March 7 2013 16:32

Genesis spend $765k preparing for partial sale

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Genesis Energy has revealed it has spent at least $765,000 preparing the company for partial sale.

Chairwoman Dame Jenny Shipley and CEO Albert Brantley appeared before MPs at a select committee today and revealed the figure.

Another $30,000 has been set aside to pay extra fees for directors who work on the sale process.

Labour MP Clayton Cosgrove asked Dame Jenny for assurances she was able to lead the company appropriately given she was a director of the now-failed Mainzeal.

Photo: stock.xchng

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