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Auckland International Airport Limited Share Sale - Independent Consultant

This tender is using the new split file responses feature on GETS. The agency has indicated that they would like to receive responses separated by price and non price components. Please keep this in mind when preparing your response for submission via GETS.

Details

Tender Closed
RFx ID : 29962329
Tender Name : Auckland International Airport Limited Share Sale - Independent Consultant
Reference # :
Open Date : Tuesday, 13 August 2024 4:30 PM (Pacific/Auckland UTC+12:00)
Close Date  : Tuesday, 27 August 2024 4:00 PM (Pacific/Auckland UTC+12:00)
Tender Type : Request for Proposals (RFP)
Tender Coverage : Sole Agency  [?]
Categories :
  • 84000000 - Financial and Insurance Services
Regions:
  • Auckland
Exemption Reason : None
Required Pre-qualifications : None
Contact : Praveen George Vadakkedath
praveengeorge.vadakkedath@aucklandcouncil.govt.nz
0272754352
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :
Overview

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.

RFx Outcome

No Winner At the direction of the newly established Auckland Future Fund board, no contract has been awarded. We thank all applicants for their interest and proposals. The Auckland Future Fund board continues to work on the fund's establishment.