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.
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Posted: 30 May 2019