Bay of Plenty council considers selling Port of Tauranga stake

(Image: Supplied)

Mon, 11 Dec 2023

Port of Tauranga’s share price has dipped slightly on the news its majority shareholder, Bay of Plenty regional council, is considering selling down its stake.Through Quayside Holdings, the council holds 54.1% of the port company, valued at more than $2 billion on Friday’s close price.On Monday, Quayside, which is listed on the NZX’s debt market, told the market the council was considering, as part of its investment in connection with its latest long-term plan, consulting on a proposal that would allow Quayside to reduce its s...

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