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Lyttelton Port says council shareholder supportive of merger

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, April 29 NZPA - Lyttelton Port Co Ltd said its major shareholder Christchurch City Holdings Ltd is in principle supportive of the proposed operational merger with Port of Otago Ltd.

Talks are continuing and if an operational merger is agreed it will have to be approved by the Commerce Commission and shareholders. Port of Otago is owned by Otago Regional Council. Christchurch City Holdings is the commercial arm of Christchurch City Council.

Ports are talking about merging so they can better serve larger container ships which are expected to call at fewer ports.

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