Minority Share In Napier Port To Be Sold

Hawke’s Bay Regional Council will go ahead with selling a minority share in Napier Port, subject to a final pricing decision to be made in June, during a public excluded meeting on Wednesday.

Hawke’s Bay locals wanting to buy shares in Napier Port will be offered a guaranteed minimum allocation of shares and there would be a period for locals to pre-register their interest before an offer opened.

There would also be a priority offer for Port staff.

Deutsche Craigs Limited and Goldman Sachs New Zealand Limited have been appointed as joint Lead Managers for the sale, and Forsyth Barr Limited is a co-manager.

Photo: Port workers will get first dibs at buying shares in the port and locals will also be prioritised.  For more on this and other great Hawke’s Bay stories go to hawkesbaytoday.co.nz Posted: 30 May 2019