Market Release
3 January 2018
NQA Sale Update
In August 2017, Auckland Airport announced completion of a strategic review
of our 24.55% stake in North Queensland Airport, confirming it remains a
highly attractive asset but not integral to our current business strategy.
We identified three potential outcomes at the start of the NQA process:
1. Continue to hold;
2. Sell to one or more of the existing NQA shareholders in accordance
with the security holders agreement; or
3. Sell to third party in accordance with the security holders
agreement.
All three options remain on the table and we remain comfortable with each
outcome, albeit our preference remains to sell this non-strategic asset. We
have encountered strong buyer interest and expect to provide a more detailed
market update on or before our FY18 Interim Results announcement in February
2018.
Ends
For further information, please contact:
Suzannah Steele
+64 27 203 2822
suzannah.steele@aucklandairport.co.nz
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