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Auckland Airport and CPPIB settle proceedings
Auckland Airport and CPPIB settle proceedings
On 25
July 2008, Auckland International Airport Limited ("Auckland
Airport") received notice of a claim from Canada Pension
Plan Investment Board and its subsidiary, NZ Airport NC
Limited (together, "CPPIB"). The claim related to Auckland
Airport's request for reimbursement of expenses in relation
to CPPIB's partial takeover offer for Auckland Airport. The
claim also related to Auckland Airport's refusal to agree
that the provisions of a confidentiality agreement which
prevented CPPIB from trading in Auckland Airport shares no
longer applied.
Auckland Airport and CPPIB announce that they have settled the claims. The terms of settlement are confidential. No further comment will be made.
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