Post by Kiwi Frontline on Nov 30, 2018 16:24:53 GMT 12
IWI SEEKS BIGGER LOCAL STAKE IN NAPIER PORT SALE
Ngati Pahauwera is urging Hawke’s Bay Regional Council to offer shares in Napier Port to residents and iwi at a discount in order to secure a local cornerstone holding in the firm.
The iwi’s development trust said it would consider investing up to $5 million in the port, with a two-year restriction on sale, were the shares offered at a discount to the general offer......