Napier Port share sale a potential catalyst for change

Thu, 04 Oct 2018

By Gavin Evans Oct. 5 (BusinessDesk) - A potential share sale by Napier Port should attract good investor interest and may prove a catalyst for a wider shake-up in the sector, fund managers say. Hawke’s Bay Regional Council’s proposal to sell and list up to 45 percent of the port on NZX was an “an interesting and surprising” development, said James Lindsay, senior portfolio manager at Nikko Asset Management. Listing the firm would help ensure it worked to achieve decent returns by looking after its New Zealand customers and suppliers....

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