Port of Tauranga Limited has completed the transactions involved in a Scheme of Arrangement, resulting in the acquisition of minority shareholdings in Marsden Maritime Holdings by a consortium. As part of this arrangement, Port of Tauranga sold its 50% stake in Northport to Marsden Maritime Holdings, which is now a 100% subsidiary of the newly incorporated Northport Group Limited. Port of Tauranga has acquired 50 million shares in Northport Group Limited, which is jointly owned by Port of Tauranga (50%), Northland Regional Council (43%), and Tupu Tonu (7%). The company expects to realize a one-off gain of approximately $50 million from the sale in the 2025 financial year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Port of Tauranga Limited published the original content used to generate this news brief on June 26, 2025, and is solely responsible for the information contained therein.