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Scoop Full Coverage: AIAL Canadian Invasion

AIAL: New Investment Rules vs Canadian Invasion

A new regulation under the Overseas Investment Act 2005 was introduced by Order in Council today. The regulation will bolster the factors Ministers may take into account when considering overseas investment applications that affect a very narrow range of strategically important assets. More >>

ALSO:

• Auckland International Airport - Auckland Airport announcement (re: Cullen statement)
• CPP Investment Board - Overseas Investment Act announcement
• NZ Govt - Key’s stance on foreign asset control disappoints
• NZ First - Asset Protection A Step In The Right Direction
• Greens - Greens welcome Cullen borrowing ideas on airport
• Greens - Call for assets to be protected through law
• Gordon Copeland - Allow Canadians to buy 20% of Auckland Airport
• Auckland International Airport - Update on CPPIB partial takeover offer at 4 March
• Auckland International Airport - Auckland Airport update on CPPIB partial takeover at 3 Mar
• Auckland International Airport - CPPIB partial takeover update at 29 Feb
• TV3 Video - Cullen sure of public support for assets protection
• TV3 Video - Canadians to pursue airport deal despite govt intervention
• TV3 Video - Govt's moves to limit foreign ownership could stall Auckland Airport partial takeover
• TV3 Video - Canadians respond to government's control over Auckland Airport
• TV3 Video - Cullen interview re: foreign ownership of Auckland Airport

Earlier:

Tax: AIL Shares Drop On Govt Tax Changes Cabinet today agreed to amend the law on certain types of stapled securities to bring the tax rules up-to-date with developments in financial products and to prevent a serious loss to the revenue base from the use of those instruments... More >>

ALSO:

• Greens - Not for sale signs must go up on Auckland Airport
• Employers And Manufacturers Association - Government out of touch with business: airport bid

Shares: AIL Board Recommends Sales, Splits on VoteThe directors of Auckland Airport today unanimously recommended that shareholders should sell their shares into the takeover offer from CPPIB. However directors are not unanimous on whether shareholders should vote in favour or against CPPIB acquiring up to 40 per cent of the company. More >>

ALSO:

• NZ First - Airport’s Board Sells Out
• Waitakere City - Canadian Offer Fears
• Auckland International Airport - Auckland in top three for airport service quality

ENDS

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