The Canada Pension Plan Investment Board(CPPIB)has made approaches to certain Auckland International Airport Limited(AIAL)shareholders about purchasing their shares in advance of a possible intention to launch a takeover, says an AIAL news release.
“The directors of AIAL understand that those approaches have been rejected by the shareholders concerned,” the release says. “The AIAL directors also understand that CPPIB does not intend to proceed with a takeover offer at this time. AIAL has no received notice of any takeover offer.”
However, the directors of AIAL are in discussions with parties—including the CPPIB—regarding value-enhancing opportunities, including acquiring an ownership interest in the firm and supporting the strategic development of AIAL.
These opportunities are being evaluated by the company’s board and remain subject to a number of conditions.
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