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NZ accepts offer for airport shares

Professional Pensions | 27 Mar 2008 | 00:00

Categories: Infrastructure

The New Zealand Super­annuation Fund is to sell its Auckland International Airport shares to the Canadian Pension Plan Investment Board.


The fund holds a minority stake in Auckland International Airport. As March 11, the fund held 76.7 million Auckland International Airport shares, which represent just over 6pc of the airport company.

Chief executive Adrian Orr said: “After considering the advice of our investment managers, we voted to approve CPPIB making a partial bid for Auckland International Airport and have tendered our shares into their offer.”

Categories: Infrastructure

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