Tōnui consortium offers Christchurch City Holdings $243m for Lyttelton port overhaul
A DP World-backed consortium proposed a $243 million payment to overhaul operations at Lyttelton Port Company.
The Tōnui consortium submitted an unsolicited proposal to Christchurch City Holdings in June that would have delivered $243 million in upfront proceeds to the port owner. The figure comprised $168 million in cash and $75 million in additional borrowing capacity. The proposal aimed to reshape how the port operates.
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DP World-backed bid offered CCHL $243m in ‘upfront proceeds’ for Lyttelton port overhaul
The owner of Lyttelton Port Company would have netted $ 243 million in upfront proceeds under a proposal to shake up operations at the port. The Tōnui consortium included the figure, made up of $168m in cash and $75m in…