Scoop has an Ethical Paywall
Council to discuss airport share sale
Council to discuss airport share sale
A special council meeting will be held on Thursday 5 December 2002 to discuss the airport share sales process.
The chairperson of the council’s working group, Councillor Douglas Armstrong, says councillors will receive a full briefing on the sales process from council officers and the council’s commercial advisers.
A dual-track sales process is being used to target trade buyers and institutional investors to achieve the best price and thereby maximise any sale proceeds.
The council is intending to use the proceeds to repay debt and provide the funds necessary to improve the city’s infrastructure. The shares will only be sold if a good price can be obtained, says Councillor Armstrong.
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
Gordon Campbell: On unemployment, Winston Peters’ low boiling point and music criticism
NZ Government: Government Recommits To Equal Pay
Emily Ireland - Local Democracy Reporter: Deputy Mayor ‘disgusted’ By Response To Georgina Beyer Sculpture
Te Pāti Māori: Māori Unemployment Rate Increases By More Than Four-Times National Rates
Government: Streamlining Building Consent Changes
Koi Tu - The Centre for Informed Futures: If Not Journalists, Then Who?
FIRST Union: May Day, The Biggest Threat To NZ Workers In 2024 Is Our Government
