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Latest Auckland International Airport Stories

2008-07-31 15:00:44

By JANES, Andrew A $5 MILLION takeover defence incentive fee paid by Auckland International Airport to its financial advisers is at the heart of legal action being taken against the airport by the Canada Pension Plan Investment Board. The Canadian pension fund has filed a statement of claim in the High Court disputing $6.26 million of takeover-related expenses claimed by the airport. Under the Takeovers Code, an unsuccessful acquirer of a company is responsible to pay costs that are...

2008-06-26 15:02:47

By VAN DEN BERGH, Roeland AUCKLAND International Airport is considering the implications of a Commerce Commission decision to refuse permission for its two previously competing duty-free operators to merge. The commission is also investigating an airport decision to move from two duty-free concessions to one. Auckland airport has granted Hong Kong-based DFS Group duty- free rights for the next seven years, shutting out Regency Duty Free. On March 28 the commission gave the...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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