News | Business
1 Jun 2020 14:17
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    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


     Other Business News
     01 Jun: A big day in the dairy farming calendar
     30 May: Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full
     30 May: The business community says everyone should be thinking about how the country can create more jobs after Covid-19
     29 May: The country's largest furniture and homewares retailer retailer will open its doors tomorrow... in what's being described as a significant boost for the local economy
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     29 May: Coronavirus sparks unprecedented closure of UK pubs, causes 70 million pints of beer to be wasted
     29 May: Farmers are supporting the efforts, to keep our waterways clean
     Top Stories

    RUGBY RUGBY
    Kayla Whitelock is highlighting the 2012 Olympics as a highlight of her hockey career More...


    BUSINESS BUSINESS
    A big day in the dairy farming calendar More...



     Today's News

    Law and Order:
    George Floyd US anti-police protests kick off for another night, truck drives at crowd of Minneapolis protesters, live updates 14:17

    Living & Travel:
    Kayla Whitelock is highlighting the 2012 Olympics as a highlight of her hockey career 14:07

    Rugby League:
    One of the most experienced coaches has given a thumbs up for the first round of NRL since its post Covid-19 resumption 13:47

    Law and Order:
    The owner of a shop near where a man died in Auckland this morning says CCTV footage from his business shows two people dragging another person out of a car 13:37

    International:
    Stolen Generations survivor Aunty Lorraine has been healing her mob for 20 years 13:27

    Rugby:
    The Sunwolves' time in Super Rugby is officially up 13:27

    Living & Travel:
    A humbled Kayla Whitelock after being awarded a Queen's Birthday Honour 13:07

    Law and Order:
    Police are still looking for whoever shot a man in Auckland 12:27

    Motoring:
    Motorists travelling north of Auckland are being urged to be careful 11:07

    Law and Order:
    Streets in two Auckland suburbs are partially cordoned off after two related incidents 10:57


     News Search






    Power Search


    © 2020 New Zealand City Ltd