Port of Tauranga Ltd
POT: XNZE (NZL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Cw | LOCK|j@@ | LOCK|&S?R^Yy |
Port of Tauranga: Joint Venture to Buy Marsden Maritime and Simplify Development of Northport
Port of Tauranga and consortium partners have conditionally agreed to buy Marsden Maritime, which owns 50% of Northport and adjacent commercial land. Port of Tauranga expects to contribute NZD 40 million and its existing 50% stake in Northport, and gain a 50% share of the joint venture.
