Northland council approves Marsden Maritime Holdings deal

The Northland Regional Council eyes up a Northport deal. (Image: NZME)

Tue, 22 Apr 2025

The Northland Regional Council has approved its part in a takeover of Marsden Maritime Holdings.Under the proposal, minority shareholdings would be bought out, and Marsden Maritime Holdings (MMH) will be delisted and taken private.The ownership change will leave the Northland Regional Council (NRC), Port of Tauranga (POT), and Tupu Tonu (TT) as shareholders, with POT owning 50%, NRC owning 43%, and TT owning 7%.The consortium of the three potential shareholders says the move would simplify MMH's leadership structure and bring full control o...

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