Auckland International Airport Limited Share Sale - Independent Consultant

Auckland Council as part of the Long-term Plan 2024-2034 (LTP) decided to establish a regional wealth fund, to be called the Auckland Future Fund (AFF). The AFF will be initially capitalised with council's shareholding in Auckland International Airport Limited (AIAL). The Auckland Airport Shareholding Policy (LTP Volume 2 page 434) enables the council to transfer its shareholding in AIAL to the AF…

Auckland Council as part of the Long-term Plan 2024-2034 (LTP) decided to establish a regional wealth fund, to be called the Auckland Future Fund (AFF). The AFF will be initially capitalised with council's shareholding in Auckland International Airport Limited (AIAL). The Auckland Airport Shareholding Policy (LTP Volume 2 page 434) enables the council to transfer its shareholding in AIAL to the AFF, and the subsequent sale of AIAL shares by the Trustee to achieve the purposes of the Fund. Auckland Council owns 163,231,446 shares in AIAL, which equated to around 11 per cent of the total shares in AIAL. The council requires independent advice on options regarding any the sell down of its shareholding in AIAL (transaction preparation). This will include advice relating to, but not limited to: council objectives, sell down options; strategies to minimise execution risks; strategies to maximise value; timing considerations; engaging other advisers and brokers, communication strategy; investor engagement. Auckland Council is seeking an independent advice (in both written and oral formats) on Auckland options regarding any future sell down of its shareholding in AIAL. This will include advice relating to, but not limited to: sell down options; strategies to minimise execution risks; strategies to maximise value; timing considerations; communication strategy; investor engagement. Please see the RFP for more information.