Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Auckland Airport and CPPIB settle proceedings

Auckland Airport and CPPIB settle proceedings

On 25 July 2008, Auckland International Airport Limited ("Auckland Airport") received notice of a claim from Canada Pension Plan Investment Board and its subsidiary, NZ Airport NC Limited (together, "CPPIB"). The claim related to Auckland Airport's request for reimbursement of expenses in relation to CPPIB's partial takeover offer for Auckland Airport. The claim also related to Auckland Airport's refusal to agree that the provisions of a confidentiality agreement which prevented CPPIB from trading in Auckland Airport shares no longer applied.

Auckland Airport and CPPIB announce that they have settled the claims. The terms of settlement are confidential. No further comment will be made.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>


Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>


Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>