On 20 August 2019, Hawke’s Bay Regional Council completed an initial public offer of 45 per cent of the shares in Napier Port Holdings Limited and the Port being listed on the New Zealand Stock Exchange.
With proceeds realised from this transaction, Hawke’s Bay Regional Council provided $110 million to Napier Port to enable the Port to invest in its future growth, including a new wharf, with remaining proceeds for the Regional Council to invest on behalf of all ratepayers.
Hawke’s Bay Regional Council retains a 55 per cent majority shareholding in Napier Port and has two Council-affiliated directors on the Board of Napier Port Holdings Limited.
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