Category: Wayne Brown
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Why selling Auckland Port Operations is a particularly silly thing to do
Auckland Mayor Wayne Brown is proposing that Council sells off the operations arm of Ports of Auckland despite the potential threat to Maritime Union workers, Auckland Businesses and the region’s development plans for downtown Auckland.
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Why selling Auckland Airport shares is a silly thing to do
As part of the cost cutting Mayoral budget proposal Mayor Brown is recommending that Auckland Council divests itself of its airport shares. Currently it owns 266,328,912 shares, about 18% of the total shareholding. At current prices the shareholding is worth about $2.16 billion although such a large share sale would dilute the market. Thanks to…