All Posts from October, 2007

Port Otago gears up for Lyttelton merger talks

October 15th, 2007 | By admin in In the media | No Comments »

http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10469847

Lyttelton Port is 75 per cent owned by Christchurch City Council.

Port Otago - which holds a 15 per cent stake, worth almost $40 million, in listed rival Lyttelton Port - is tipped to lead changes which could see a merger between the South Island operators.

Port Otago chairman John Gilks has rejected reports this week there had been working committee talks between the ports. Read Full Post

Hong Kong port approach revealed

October 10th, 2007 | By admin in In the media | No Comments »

http://www.stuff.co.nz/4231604a23399.html

Hong Kong giant Hutchison Whampoa made an approach to buy a stake in the Ports of Auckland after its failure to shore up a deal with Lyttelton Port, inside sources say.
Hutchison, the vehicle of magnate Li Ka-shing, has port operations in every continent except Australasia. It is one of the world’s largest privately-owned operators of container terminals with a network of 45 ports.
Hutchison Port Holdings (HPH) approached the Ports of Auckland after its thwarted attempt to take a 50.1% stake in Lyttelton Port last year, a move which sparked talk of consolidation in the sector. Read Full Post