08 Apr Consortium Moves To Simplify New Zealand’s Northport Ownership
A consortium, comprising the Northland Regional Council, Port of Tauranga and Tupu Tonu has conditionally agreed to buy out minority shareholders in Marsden Maritime Holdings to simplify the NZX group’s ownership and bring full control of Northport [Marsden Point] under a single ownership umbrella.
This new ownership structure aims to achieve improved benefits and outcomes for the region and even more importantly, keeps ownership of the port in New Zealand whilst creating a strong partnership between the Council and the country’s largest port operator for this regionally significant asset.
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