close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Tue, 13 Jun 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Govt to take 25% stake in ski fields under sale scheme
General Business,
99512
true