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Govt to take 25% stake in ski fields under sale scheme

Administrators recommend sale of businesses for $1 to new private companies.

Under the sale scheme new company Whakapapa Holdings would assume liability for $13.5m of Gondola loans.

Tim Hunter Tue, 13 Jun 2023

Details of sale proposals for the Tūroa and Whakapapa ski fields published by administrators on Tuesday evening show the businesses sold for $1 to private buyers, with the Government taking a 25% stake in the new companies.

The plan follows the insolvency of Ruapehu Alpine Lifts Ltd in November and

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Tim Hunter Tue, 13 Jun 2023
Contact the Writer: thunter@nbr.co.nz
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Govt to take 25% stake in ski fields under sale scheme
General Business,
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