Auckland Council taps out of AIA capital raise

Auckland Council taps out of AIA capital raise
Auckland Mayor Wayne Brown and his deputy say they “carefully considered the opportunity” to participate in AIA's capital raise. (Image: NZME)
Dileepa Fonseka
Auckland’s mayor and deputy mayor have confirmed Auckland Council did not participate in the country’s largest corporate capital raise outside of an initial public offering. In a statement released by Auckland Council on Tuesday afternoon, the council said Auckland Mayor Wayne Brown and Deputy Mayor Desley Simpson “carefully considered the opportunity” to take part in Auckland International Airport’s (AIA) $1.4 billion equity raise. “The council has decided not to participate.”Brown and Simpso...

More Markets

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.