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

Tue, 17 Sep 2024

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...

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