NZFF

Just read this this morning:

http://www.nzherald.co.nz/section/1/story....jectid=10498122

I don't know what the problem is. Partial overseas ownership is not a problem per se but I do have difficultiers with a retirement fund being the owners. Unlike your bread & butter shareholders their job is to make profit to return to the Cnadian People, how will this affect future capital works programs like a second runway? At 40% shareholding they would have a pretty strong say in proceedings. I'm not saying the average shareholder is not trying to make a buck but it is not a primary source of income.

Admittedly I think that Local Authorities or Central governmant shouldn't have a majority share either, especially MCC & ACC. It will probably be easier to convince an overseas corporate to approve airport upgrades than get the government to open their pockets.

What's the general opinion of overseas ownership?

Jamie

its not quite that simple... apparently, while they are getting like 40% of the shares, they are only getting ~20-25% of the voting rights... so their level of 'control' is not as high as it would appear

And, hopefully people can see it from the average Joe shareholder (of which I'm one), who can get $3.65 per share from CPP, or $2.20ish on the market. I'll put it out there that I haven't done anything with regards to this offer, but it's (really!) easy to understand why people are supporting the CPP plan to buy their shares.

I don't really have a strong opinion about this.

Alex