Auckland Regional Owns 88.85% Of Ports Of Auckland
1 July 2005
Auckland Regional Owns 88.85% Of Ports Of Auckland Limited
Auckland Regional Holdings (ARH) announced that as at 4:00pm today it received acceptances totalling 9,377,190 shares giving ARH a relevant interest in Ports of Auckland (POAL) of 88.85%.
ARH only requires acceptances of another 1.15% of POAL shares before it can initiate compulsory acquisition and move to full ownership of POAL.
ARH is confident that it will achieve 100% ownership of POAL.