NPT chairman Sewell 'disappointed' with shareholder dissent over Kiwi Property deal

Thu, 30 Mar 2017

By Paul McBeth March 31 (BusinessDesk) - NPT chairman Tony Sewell says Salt Funds Management's dissenting view on a proposed deal with Kiwi Property Group is out of line with other major shareholders and he will take it up directly with the fund manager. Salt Funds principal Matt Goodson yesterday urged his fellow NPT shareholders to reject the deal, where NPT would buy two buildings from Kiwi Property for $230 million and sell its management contract and issue shares to the larger property firm, saying it was "an unacceptable transfer o...

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