A consortium of partners completed the acquisition of Marsden Maritime and Northport Limited.

A consortium of partners, consisting of Northland Regional Council, Port of Tauranga, and Tupu Tonu, a Crown-owned company, completed the acquisition of Marsden Maritime, a deep-water port at Marsden Point, and Northport, a deep-water commercial port. Financial terms were not disclosed. “We are pleased to be working closely with NRC to ensure that Ngāpuhi interests are reflected in the ownership and future of MMH and Northport. We are excited by the prospects that this new partnership brings. Our participation is an example of the commercial capability of TT to invest in Northland, giving confidence that we are serious about securing an ownership interest in strategic regional assets like the port, for the future, and to ensure ownership remains in the North,” Leonard Sampson, POT Chief Executive.