Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain

Reuters

Jun 26

Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2546722043"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2546722043\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2546722043?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-26 09:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2546722043","market":"fut","top_or_hot":-1,"title":"Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPort of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-26 09:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POT","symbol_name":"加拿大钾肥","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250626:nNDL1LFddC:1","article_id":"2546722043","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546722043","pubTimestamp":1750899726,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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  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 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"POT":"加拿大钾肥"},"translate_title":"陶朗加港完成诺斯波特股份出售，预计收益5000万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POT":0.9},"content_text":"Port of Tauranga Completes Sale of Northport Stake, Expects $50 Million Gain\n    \n\n        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.\n      \n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}