Unlisted airports have been the gift that keeps on giving for dealmakers, but let’s not forget the dual-listed Auckland International Airport where the Auckland Council still needs to cash out its leftover $1.1 billion stake.
Sources told Street Talk investment banks are preparing for the council to pull the trigger on the mooted selldown of its 11.03 per cent stake in the Auckland Airport as early as this week. The council is holding on to 163.2 million shares, after offloading $NZ800 million ($735 million) worth of stock in August 2023.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
