Public tender

Auckland Council Seeks Advisory Services for Airport Share Sale Strategy

Auckland Council as part of the Long-term Plan 2024-2034 (LTP) decided to establish a regional wealth fund, to be called the Auckland Future Fund (AFF). The AFF will be initially capitalised with council�s shareholding in Auckland International Airport Limited (AIAL). The Auckland Airport Shareholding Policy (LTP Volum…

Source ID: NZ-GETS-29962329

Scope overview

Auckland Council as part of the Long-term Plan 2024-2034 (LTP) decided to establish a regional wealth fund, to be called the Auckland Future Fund (AFF). The AFF will be initially capitalised with council�s shareholding in Auckland International Airport Limited (AIAL).

The Auckland Airport Shareholding Policy (LTP Volume 2 page 434) enables the council to transfer its shareholding in AIAL to the AFF, and the subsequent sale of AIAL shares by the Trustee to achieve the purposes of the Fund. Auckland Council owns 163,231,446 shares in AIAL, which equated to around 11 per cent of the total shares in AIAL.

The council requires independent advice on options regarding any the sell down of its shareholding in AIAL (transaction preparation). This will include advice relating to, but not limited to: council objectives, sell down options; strategies to minimise execution risks; strategies to maximise value; timing considerations; engaging other advisers and brokers, communication strategy; investor engagement.

Auckland Council is seeking an independent advice (in both written and oral formats) on Auckland options regarding any future sell down of its shareholding in AIAL. This will include advice relating to, but not limited to: sell down options; strategies to minimise execution risks; strategies to maximise value; timing considerations; communication strategy; investor engagement. Please see the RFP for more information.

Statusawarded
CategoryOther
CountryNew Zealand
Publish dateAug 13, 2024
Submission deadlineAug 27, 2024
Estimated value
Notice typeaward_notice
Sourcenz-gets-awards
BuyerAuckland Council
City

Buyer & contacts

Contacts available
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Email
praveengeorge.vadakkedath@aucklandcouncil.govt.nzUnlock export & alerts
Organization
Auckland CouncilUnlock export & alerts

Tags & Signals

airport shareholdinginvestment advisoryasset divestmentfinancial strategyAuckland Future Fundtransaction preparationexecution riskvalue maximization
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