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31 May 2020 6:37
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  •   Home > News > National

    A "colossal" number of Auckland Airport shares are going up for sale to keep the airport going after the Covid-19 pandemic

    A "colossal" number of Auckland Airport shares are going up for sale to keep the airport going after the Covid-19 pandemic


    Auckland Airport
    Auckland Airport
    It's announced a 1.2 billion dollar "Equity Raise" to help balance its sheets and keep capitalised for the short term.

    One-billion-dollars in shares is being offered through investment banks, and a Share Purchase Plan worth 200-million-dollars is being offered to existing shareholders.

    Herald Wellington business editor Hamish Rutherford says it's a massive amount - but there's some confidence it will work.

    He says the investment banks have agreed to buy the shares themselves if they don't find buyers.

    © 2020 Newstalk ZB, NZCity


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