Christchurch can squeeze capital from investment arm without selling shares, Dalziel says

Fri, 23 Sep 2016

By Jonathan Underhill Sept. 23 (BusinessDesk) - Christchurch City Council could squeeze capital out of its investment company without having to sell shares but asset sales will still be contemplated, says Mayor Lianne Dalziel. The mayor was explaining comments she made this week during a mayoral candidate debate ahead of local body elections that the city could extract cash from its portfolio of investments without selling shares and that "not a single share from any of these companies needs to be sold to balance the books". Her main o...

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