Auckland Airport bid takes another twist
Bidding for Auckland Airport took another turn as Canada Pension
Plan Investment Board (CPPIB) reportedly emerged from due diligence with a proposal
to acquire 49% of the airport. Pricing and terms will be announced next week,
but Dubai Aerospace Enterprise’s (DAE) bid for up to 60% has set a benchmark,
valuing Auckland at up to NZD3.80 per share – well above CPPIB’s
initial (rejected) NZD3.10 per share offer.
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