Hawke's Bay Regional Council to go ahead with Napier Port IPO, likely in early July

Wed, 29 May 2019

By Rebecca Howard May 29 (BusinessDesk) - Hawke’s Bay Regional Council said it will proceed with a public share sale of 45 percent of Napier Port and it expects the initial public offering to take place in early July. “The last hurdle is to satisfy ourselves around pricing and market conditions and we expect to make that decision in June with, all things being equal, an offer of shares in Napier Port occurring from early July," said regional council chair Rex Graham. “We have agreed today that a 45 percent IPO of Napier Port will deli...

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