Napier Port share sale backed by HB ratepayers

Thu, 22 Nov 2018

By Gavin Evans Nov. 23 (BusinessDesk) - Hawke’s Bay ratepayers submitting on a planned share sale for Napier Port have backed the proposal by a small margin. Hawke’s Bay Regional Council spent the past six weeks testing its proposal to sell up to a 45 percent interest in the port through a share offer in order to free up capital and diversify the council’s investment base. Almost 3,500 groups and individuals responded – seven times the number of submissions the council received on its draft long-term plan. Council chair Rex Graham s...

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