(Bloomberg) -- Dubai Aerospace Enterprise, an
airport and aviation company owned by the Persian Gulf sheikdom,
agreed to buy a controlling stake in Auckland International
Airport Ltd., New Zealand's busiest gateway.
Auckland Airport shareholders will receive as much as
NZ$3.80 a share, 15 percent more than the stock traded at before
the offer, the company said in a statement today. The offer
values Auckland Airport at NZ$5.6 billion ($4.5 billion)
including stock, cash and debt, and is recommended by the board.
Read more at Bloomberg Emerging Markets News
airport and aviation company owned by the Persian Gulf sheikdom,
agreed to buy a controlling stake in Auckland International
Airport Ltd., New Zealand's busiest gateway.
Auckland Airport shareholders will receive as much as
NZ$3.80 a share, 15 percent more than the stock traded at before
the offer, the company said in a statement today. The offer
values Auckland Airport at NZ$5.6 billion ($4.5 billion)
including stock, cash and debt, and is recommended by the board.
Read more at Bloomberg Emerging Markets News
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