Billion-dollar Aurora Energy deal could close by July 2025

Councillors are due to make a decision on whether to move forward with a sale of Aurora Energy in late May/early June. (Image: Aurora)

Oliver Lewis

Tue, 30 Apr 2024

If Dunedin councillors approve a sale, there’s likely to be strong investor interest in acquiring South Island lines company Aurora Energy, with newly released documents suggesting a price in the billions of dollars.The Dunedin City Council is consulting on a proposal to sell Aurora, pay down debt held by the company – expected to reach $576 million by mid-2025 – and invest the remainder into a diversified fund targeting returns of 8% a year.Advice prepared by Dunedin City Holdings (DCHL), which controls companies worth more t...

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