Christchurch council slams the door on asset sales

CCHL controls six trading companies on behalf of the council, including Lyttelton Port Company. (Image: NZME)

Wed, 13 Dec 2023

Christchurch councillors have shot down a proposal for their commercial holding company to take a more active portfolio management role, including potential asset sales.Christchurch City Holdings (CCHL) had recommended that it be given a more flexible mandate, allowing it to seek co-investment and pursue other investments, arguing it could result in nearly $450 million in additional dividends to the council over the 2024-34 period.It also suggested that seeking to lift returns through stronger capital management and operational improvements cou...

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