Christchurch council slams the door on asset sales

Christchurch council slams the door on asset sales
CCHL controls six trading companies on behalf of the council, including Lyttelton Port Company. (Image: NZME)
Oliver Lewis
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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