Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Auckland Council sold its airport stake for $1.3B to a local fund, aiming to generate annual returns of $40M.
The Auckland Council has sold its 9.7% stake in Auckland International Airport for about $1.3 billion to the Auckland Future Fund, a long-term investment vehicle aimed at supporting the Council's services.
The sale is expected to generate annual returns of around $40 million starting in 2025/2026, reducing reliance on rate hikes.
The Future Fund Trustee invited bids from investment brokers to sell the shares to investment funds.
12 Articles
Auckland Council vendió su participación en el aeropuerto por $1.3B a un fondo local, con el objetivo de generar rendimientos anuales de $40M.