UBS appointed to sell Auckland council shares

Auckland council will be using UBS for its Auckland airport share sell-off. (Image: Supplied)

Wed, 05 Jul 2023

The NZ arm of investment bank UBS has been appointed to help Auckland council sell a 7% stake in Auckland International Airport.In a statement released on Wednesday, the council said UBS New Zealand had been appointed as a financial adviser for the first stage of the proposed sell-down of airport shares, valued at $865m. Auckland council group chief financial officer Peter Gudsell said the council was "now turning our attention to this process".The statement said the council was also considering "a range of sale structures a...

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