Thursday, 21 March 2019
Port Otago full sale option considered
A complete sale of the Otago Regional Council-owned Port Otago is one option being considered in an ownership review of the $489million business.
At a meeting yesterday the council agreed to commission an independent review of its 100% ownership of the port company, which makes up 75% of its total $650million in assets.
As part of this consultants would create an overview of different ownership models, including a ''complete sell down'' and mixed ownership.
Cr Ella Lawton said the review should also investigate the social and environmental impacts of selling parts of the company.....
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