Consortium moves to simplify NZ's Northport ownership

A CONSORTIUM, comprising the Northland Regional Council, Port of Tauranga and Tupu Tonu* has conditionally agreed to buy out minority shareholders in Marsden Maritime Holdings in order to simplify the NZX group’s ownership structure through delisting its shares and bringing full control of Northport [Marsden Point] under a single ownership umbrella.  Currently MMH owns 50% of Northport, and POT the other 50%.