Auckland Airport has confirmed that there is no plan to carry out an equity raise and that they are currently consulting with airlines regarding the expansion of the existing international terminal.
The airport’s credit rating has been reaffirmed as A- with a stable outlook, and they are planning to use borrowings to fund the new domestic terminal.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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