Consortium buyout of MMH strongly supported by shareholders
TRANSACT
Thu, May 29 2025 03:59 pm
Shareholders in Marsden Maritime Holdings (NZX:MMH) today voted for a buyout by a consortium comprising Northland Regional Council, Port of Tauranga Limited (NZX:POT) and Tupu Tonu.
A joint announcement from the consortium is attached.
An application to the High Court will now be made to approve the Scheme of Arrangement, which will see the consortium buyout non-Northland Regional Council shareholders at $5.60 per share and pave the way for Northport and Marsden Maritime Holdings to be merged into a single entity.
For more information, please contact:
Geoff Senescall
021 481 234
[email protected]
Announcement PDF
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