Augusta lifts offer in revised bid for NPT management contract

Mon, 27 Nov 2017

By Paul McBeth Nov. 28 (BusinessDesk) - Augusta Capital has hiked its offer to buy the management contract for NPT in a revised offer to run the listed property owner, having been rebuffed last year and forced to win over its fellow NPT shareholders to install a new board. Auckland-based Augusta will pay $4.5 million for the management contract and has signed a non-binding agreement with NPT, subject to due diligence, finalising terms and shareholder approval, it said in a statement. Augusta won't be allowed to vote its 19 percent stake...

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