Auckland Council out of loop on airport's billion-dollar call

Mon, 06 Apr 2020

Auckland Council, which owns around 22 percent of Auckland International Airport, only learned of the airport’s $1.2 billion equity raising this morning and hasn't decided whether to take part.“It is too early for council to confirm whether we will participate in this proposal by Auckland Airport. We learned of the proposal this morning and will need to quickly assess it before making further comment,” a spokesperson said. If it opts not to participate, its shareholding will be significantly diluted. Alternatively, it needs to come...

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