Auckland council sold 7% of its Auckland airport shares overnight

(Image: Supplied)

Fri, 01 Sep 2023

After months of debate and consulting, Auckland council finally sold its 7% shareholding in Auckland airport overnight.Auckland council has confirmed the partial sell-down of Auckland International Airport Limited (AIAL) shares, as signalled in its budgetThe sale of shares, at an average share price of $8.11 per share, has returned $833 million, which the council said would be used to reduce debt.The deal meant Auckland council now had a remaining shareholding of 11.08%.Auckland council chief executive Phil Wilson said it was a good outcome for...

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