Hawke's Bay council advances Napier Port IPO plan

Wed, 19 Dec 2018

By Gavin Evans Dec. 19 (BusinessDesk) - Hawke’s Bay Regional Council has agreed to advance plans for the sale of up to 49 percent of Napier Port through a public share offer. Councillors voted 7-2 in favour of the plan in order to help fund the port’s expansion and meet the council’s own growing capital requirements for environmental remediation, climate change and flood control work. Staff are to deliver an IPO plan by April for final approval by council with the object of completing the offer by the September quarter of next year. Th...

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