Auckland council looking for airport sell-down advisers

Auckland council is looking for advisers to assist with its potential sell-down of Auckland airport shares. (Image: Unsplash)

Oliver Lewis

Tue, 07 Feb 2023

Auckland council is looking for advisers to assist it with the potential sell-down of its $2.2 billion stake in Auckland International Airport (AIA).Auckland's mayor, Wayne Brown, proposed selling all or part of the 18.09% shareholding the council holds in the airport in response to budget pressures.Councillors voted last December to send his budget proposals for the 2023/24 annual plan out for public consultation. During the meeting, Brown speculated Auckland Airport would inevitably undertake a capital raise to fund new infrastructur...

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