Supplier log in
Wellington International Airport Share Sale Strategy Development & Execution
Details
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Tender Closed
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| RFx ID : | 29729046 |
| Tender Name : | Wellington International Airport Share Sale Strategy Development & Execution |
| Reference # : | 2024-268 |
| Open Date : | Monday, 8 July 2024 9:00 AM (Pacific/Auckland UTC+12:00) |
| Close Date : | Monday, 12 August 2024 12:00 PM (Pacific/Auckland UTC+12:00) |
| Tender Type : | Request for Proposals (RFP) |
| Tender Coverage : | Sole Agency [?] |
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| Exemption Reason : | None |
| Required Pre-qualifications : | None |
| Contact : |
Alice Bray 0 |
| Alternate Physical Delivery Address : | |
| Alternate Physical Fax Number : | |
Te arawātea - The opportunity
In the 2024/34 LTP, the Council consulted with the community on the sale of its Wellington airport shareholding to establish a new investment fund to provide funds for future disaster recovery. Following consultation, the Council adopted the LTP, including agreeing to proceed with the preferred option in the consultation document (a full share sale and establishment of a fund) and agreed that the first step in the process was to take advice on the sale strategy and pricing in December 2024. A summary of the issues and the proposal is contained in the LTP consultation document here https://www.letstalk.wellington.govt.nz/92942/widgets/433259/documents/283632
In light of the LTP’s adoption and the December report back, the Council is commencing the procurement of the external support that will be necessary to manage the sale and the Perpetual Investment Fund (PIF) establishment.
The Council is looking to procure services to support two workstreams:
• Workstream A: the sale of the airport shares
• Workstream B: the establishment of the perpetual investment fund.
This RFP covers services pertaining to workstream A – the development of a sale strategy for the airport shares and the execution of the sale transaction. A separate RFP has been developed for workstream B and will be released later in July.
Key objectives of this workstream are to:
• Develop a sales strategy that:
a) Achieves maximum value for the Council from the sale of the airport shares;
b) Best manages existing shareholder dynamics in pursuit of a successful outcome; and
c) Meets any other Council-determined sales objectives; and
• Execute the sale transaction in line with the agreed strategy.
*Please note the contract will be included as an Addendum*
