Napier Port plans mid-July share offer

Wed, 26 Jun 2019

By Gavin Evans June 26 (BusinessDesk) - Napier Port plans to kick-off its share offer mid-July and list its stock on the NZX the following month. The country’s fourth-largest container port will offer up to 45 percent of its shares after the sale was approved by owner Hawke’s Bay Regional Council today. The sale will include a priority offer for the region’s residents, non-resident ratepayers, iwi and port staff. Detail on how that will be structured has not yet been provided. Port chairman Alasdair MacLeod said the company had bee...

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