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New Zealand's Bay of Plenty Council plans to sell part of its port stake, prioritizing local and indigenous buyers.
The Bay of Plenty Regional Council in New Zealand plans to sell down its 54.14% stake in the Port of Tauranga to a minimum of 28%, aiming to create an endowment fund for local ratepayers.
Indigenous people will have the first chance to buy the shares, reducing the risk of overseas control.
The sale aims to optimize value and support the local economy, with no decision or timeline set for the sale yet.
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El Bay of Plenty Council de Nueva Zelanda planea vender parte de su participación portuaria, priorizando compradores locales e indígenas.