Southland Regional Council wants to reduce South Port stake
The council wants to reduce its shareholding in the Bluff-based port from 66% to 51% to diversify its investment income.
Southland Regional Council wants to reduce its shareholding in NZX-listed South Port, to diversify its income streams.
It was the port’s largest shareholder, with a 66.5% stake, worth about $105.5m based on the current share price of $6.05.
The regional council’s long-term plan consultation
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