Holy smokes, I Live in New Zealand.

Canadian Invasion.
November 21, 2007, 5:49 pm
Filed under: News from Abroad | Tags: ,

I doubt you’ve heard about this one at home, but here is some anecdotal evidence confirming that international buyout bids work both ways.

The Canadian Pension Plan Investment Board (where our roughly $25 a pay period goes) has launched an all cash bid for 40% control of Auckland Airport.  I’ve linked to this CNBC article which contains all the details.

Apparently, CPP has been trying for years to buy shares of the Airport – a publicly-traded company with most of the shares owned by local Councils (same difference as “municipality”).  This is their most serious offer to date.

Obviously, airports are a good business in the world of $98-a-barrel oil and our retirements would be made a lot more comfortable with the steady revenue that airline landing fees can provide.  There is a $25 departure fee on all international flights, and I’m sure you can imagine just how many international flights land in Auckland when it is the only airport in the country truly able to handle such flights (there being “no demand” from Christchurch, sayeth Air New Zealand).

Just another interesting way that Canadians are trying to make a difference in New Zealand.  For other examples, refer to:

  • Shania Twain’s purchasing of a big farm, which the locals aren’t too pleased about
  • How they play Nickleback three or four times a day on the new rock radio station
  • Arcade Fire playing Auckland’s Big Day Out Festival

2 Comments so far
Leave a comment

you should totally write in a correction…she’s not an american (get stingy about ‘north amercian’ vs. ‘american’…if the scots can do it, so can the canuks)

so what happens if you talk NZ all up and we all decide to move there?? eh?? you very well my NZ’s biggest national threat…

Comment by b

What is “b” talking about ????

Comment by Blacksheep

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