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Mayor Brown raises prospect of Auckland Airport stake sale

Divestment of Auckland Council’s 18% stake would save money on debt servicing, reduce rates bill.

Auckland Mayor Wayne Brown.

Will Mace Fri, 02 Dec 2022

Auckland Mayor Wayne Brown has raised the possibility of selling the council’s 18.09% shareholding in Auckland Airport, in a move he said could raise nearly $2 billion.

Brown said the move could reduce the council’s debt servicing costs by at least $88 million a year and therefore cut next

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Mayor Brown raises prospect of Auckland Airport stake sale
Investment,
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