http://www.scoop.co.nz/stories/BU1308/S00462.htm Port of Tauranga takes $21.6M stake in Timaru's PrimePort Tuesday, 13 August 2013, 3:46 pm Article: BusinessDesk Port of Tauranga makes first foray into South Island, with $21.6M PrimePort deal Aug. 13 (BusinessDesk) – Port of Tauranga, New Zealand’s busiest export port, has agreed to buy a half stake in PrimePort Timaru in a $21.6 million deal aimed at strengthening the Tauranga site as a hub for coastal shipping. The deal is subject to public consultation because PrimePort is 71.4 percent owned by Timaru District Council’s investment arm. The process will start on Aug. 17 and is expected to take a month. [....]