CCHL chair: Christchurch can't afford to carry 'underperforming' businesses

CCHL owns more than $5b of assets on Christchurch residents' behalf (Image: CIAL)

Mon, 27 Nov 2023

The chair of Christchurch City Holdings Ltd (CCHL), Abby Foote, says the city cannot afford to carry “underperforming” businesses.The city council-owned holding company held its first public annual meeting on Friday afternoon, where Foote outlined her thoughts on the future steps for the company.CCHL controls 100% of EcoCentral, Citycare Group, Lyttelton Port Company (LPC) and fibre broadband provider Enable, as well as 75% of Christchurch International Airport Ltd (CIAL) and 89% of lines company Orion. It’s not directly...

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