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flag New Zealand's Bay of Plenty Council plans to sell part of its port stake, prioritizing local and indigenous buyers.

flag 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. flag Indigenous people will have the first chance to buy the shares, reducing the risk of overseas control. flag 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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