AIA – Sale of North Queensland Airports completed
Market Release | 7 March 2018
Sale of North Queensland Airports
completed
Auckland Airport has announced today that it has completed the sale of its 24.6%
shareholding in North Queensland Airports (“NQA”) for AU$370 million.
Auckland Airport Chief Financial Officer, Phil Neutze, says “Today’s announcement
completes a year-long process involving a strategic review of our investment in NQA
and discussions with both existing investors and potential third party investors.”
“Our eight-year investment in NQA has been a very successful one. The sale of our
shareholding ensures that we can focus on growing our New Zealand travel, trade and
tourism businesses and recycle the proceeds of the sale into supporting the significant
investment in aeronautical infrastructure at Auckland Airport over the next five years.”
Auckland Airport was advised during the sale process by First NZ Capital, Credit
Suisse and MinterEllison.
Ends
For further information please contact:
Investor enquiries Media enquiries
Suzannah Steele Auckland Airport Public Affairs
+64 9 257 7043 +64 27 406 3024
suzannah.steele@aucklandairport.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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