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flag Consortium proposes buyout of Marsden Maritime Holdings to simplify ownership of Northport.

flag A consortium including the Northland Regional Council, Port of Tauranga, and Ngāpuhi investment body Tupu Tonu has proposed buying out minority shareholders in Marsden Maritime Holdings (MMH) for $5.60 per share. flag This would make Northport, a deep-water commercial port, a wholly owned subsidiary of MMH and simplify the ownership structure. flag The deal, which requires court and shareholder approval, also involves the potential delisting of MMH from the stock exchange. flag If successful, it would align strategic interests for future growth and provide transparency for the consortium partners.

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