Investors will be 'licking their lips' over Auckland Airport $1.2b share sale

Mon, 06 Apr 2020

Auckland International Airport's plans to raise up to $1.2 billion of new capital to reinforce its balance sheet will likely garner significant offshore and onshore interest.“I think global government super funds and things like that will be licking their lips over this,” said Brad Gordon, an investment adviser at Hobson Wealth.The airport said it is undertaking a $1 billion fully underwritten placement and a $200 million share purchase plan, representing approximately 19.6 percent of its market capitalisation when the market closed on Friday.C...

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