Marsden Maritime Holdings acquisition by consortium approved by court

Port of Tauranga has announced that the High Court has approved the scheme of arrangement for the acquisition of Marsden Maritime Holdings (MMH). The consortium, which includes Northland Regional Council, Port of Tauranga Limited, and Ngāpuhi Investment Fund Limited (Tupu Tonu), will acquire all MMH shares not already held by Northland Regional Council. The acquisition price is NZ$5.60 per share, payable in cash. A copy of the sealed final orders of the High Court in relation to the Scheme are attached.