About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3093.20 10.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
rss  Twitter    rss  Facebook    rss  RSS

AIA shares down 19% when market opened

By NZPA

Tuesday 4th March 2008

Text too small?
Auckland International Airport shares were down 48c or 19.4% to $2 when the sharemarket opened for trade today.

The move comes after Finance Minister Michael Cullen yesterday moved to tighten up overseas investment criteria in response to a bid by the Canada Pension Plan Investment Board (CPPIB) for a 40% stake in the airport.

A new regulation under the Overseas Investment Act means ministers will have to take into account whether the investment will or is likely to help keep New Zealand control "of strategically important infrastructure on sensitive land".

CPPIB has received acceptances for 13.34% of shares in the airport, on top of the 0.78% it already owns.

The acceptances for the $3.5980 a share bid, reduced from $3.6555 due to the payment of an interim dividend, would take CPPIB's total shareholding to 14.12%.

The offer closes on March 13.

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Auckland Airport profit ahead of forecast
Auckland airport busier in July
AIA gains Jetstar's new trans-Tasman and domestic flights
Visitors from Asia drive traffic volumes through Auckland Airport
Auckland Airport suspends construction of second runway
Daily ShareChat: Auckland International Airport
AIA buys Queenstown stake in tourism alliance
Auckland Airport attracts four new property developments worth $29M
Auckland Airport passenger traffic grows
Auckland Airport faces $80m depreciation charge

Get quotes for Auckland International Airport Limited O (AIA)
NZX Annoucements for AIA
26 Aug 2010 DIRECTOR: AIA: Auckland Airport advises Director changes
26 Aug 2010 FLLYR: AIA: Auckland International Airport Annual Results
24 Aug 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update July
24 Aug 2010 GENERAL: AIA: Auckland Airport announces joint venture with Host ends
20 Aug 2010 COMCOM: AIA: Auckland Airport - ComCom and High Court proceedings
20 Aug 2010 GENERAL: AIA: Auckland Airport thanks Air NZ for Japan market development
17 Aug 2010 FLLYR: AIA: Auckland Airport 2010 Annual Result Announcement date
16 Aug 2010 GENERAL: AIA: Auckland Airport responds to Pacific Blue announcement
13 Aug 2010 MEETING: AIA: AIA Announcement of meeting and directors nominations
30 Jul 2010 RELINT: AIA: AIA employee share scheme disclosure
29 Jul 2010 GENERAL: AIA: Jetstar adds more international destinations to Auckland
23 Jul 2010 MONTHLY: AIA: AIA Monthly Traffic Update
20 Jul 2010 RELINT: AIA: AIA Ongoing Disclosure
20 Jul 2010 RELINT: AIA: Ongoing Disclosure (Judy Christine Nicholl)
20 Jul 2010 RELINT: AIA: AIA Ongoing Disclosure
16 Jul 2010 GENERAL: AIA: Auckland Airport Northern Runway deferred
14 Jul 2010 GENERAL: AIA: Auckland Airport welcomes new Jetstar Queenstown services
8 Jul 2010 ADDRESS: AIA: AIA and Queenstown Airport form strategic alliance
8 Jul 2010 GENERAL: AIA: AIA and Queenstown Airport form strategic alliance
7 Jul 2010 GENERAL: AIA: Market update - Auckland Airport advises NQA milestones
6 Jul 2010 GENERAL: AIA: Auckland Airport property development tops $100m
25 Jun 2010 GENERAL: AIA: Auckland Airport notification of change in share registry-2
25 Jun 2010 GENERAL: AIA: Auckland Airport notification of change in share registry
23 Jun 2010 MONTHLY: AIA: AIA Monthly Traffic Update May 2010
18 Jun 2010 GENERAL: AIA: AIA - impact of 2010 budget tax changes
9 Jun 2010 GENERAL: AIA: AIA welcomes Supreme Court dismissal
9 Jun 2010 GENERAL: AIA: AIA welcomes Jetstar Singapore announcement
1 Jun 2010 GENERAL: AIA: Auckland Airport benchmarks sustainability
31 May 2010 GENERAL: AIA: Auckland Airport
28 May 2010 GENERAL: AIA: Auckland Airport launches online parking
27 May 2010 GENERAL: AIA: Auckland Airport welcomes Continental Airlines
26 May 2010 GENERAL: AIA: Auckland Airport invests in Asia opportunity
24 May 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update
13 May 2010 ADDRESS: AIA: Auckland Airport Analyst Presentation
13 May 2010 ADDRESS: AIA: Auckland Airport Analyst Presentation
6 May 2010 GENERAL: AIA: Auckland Airport welcomes NZTA lane improvements
26 Apr 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update
20 Apr 2010 GENERAL: AIA: Auckland Airport - Routes Marketing Award
6 Apr 2010 RELINT: AIA: Auckland Airport Ongoing Disclosure
31 Mar 2010 ALLOT: AIA: AIAL Notice of new shares
29 Mar 2010 INTERIM: AIA: Auckland Airport - Interim Report
29 Mar 2010 INTERIM: AIA: Auckland Airport - Half Year Report Available
26 Mar 2010 DRP: AIA: Auckland Airport - Dividend Reinvestment Plan
24 Mar 2010 GENERAL: AIA: Auckland Airport - Skytrax Awards 2010
22 Mar 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update
3 Mar 2010 WAV/RULE: AIA: Application for waiver from NZSX Listing Rule 7.11.1
2 Mar 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update
2 Mar 2010 DRP: AIA: Auckland Airport Dividend Reinvestment Plan
26 Feb 2010 GENERAL: AIA: Airport welcomes accelerated Manukau Harbour crossing
26 Feb 2010 GENERAL: AIA: Auckland Airport announces Formule 1 hotel development
26 Feb 2010 HALFYR: AIA: Auckland Airport Interim Announcement
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Richard John Didsbury)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (James Bruce Miller)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Anthony Noy Frankham)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Anthony Noy Frankham)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Philip Cory-Wright)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Simon Paul Moutter)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Andrew Peter Pirie)
25 Feb 2010 RELINT: AIA: Ongoing Disclosure Notice (Anthony Edward Andrew Gollin)
25 Feb 2010 ALLOT: AIA: Notice of issuance of securities
25 Feb 2010 ALLOT: AIA: Notice of issuance of securities
22 Feb 2010 HALT: AIA: Trading Halt of Securities Lifted
22 Feb 2010 GENERAL: AIA: Retail Bookbuild Completion Announcement
22 Feb 2010 HALT: AIA: Trading Halt of Securities
19 Feb 2010 GENERAL: AIA: Retail Offer Completion Announcement
12 Feb 2010 GENERAL: AIA: Advisory Auckland Airport interim results
12 Feb 2010 GENERAL: AIA: Auckland Airport to defend Craigie Trust Appeal
10 Feb 2010 GENERAL: AIA: Auckland Airport wins Frost and Sullivan Award
5 Feb 2010 RELINT: AIA: Ongoing Disclosure Notices (M Bogoievski & H Morrison)
5 Feb 2010 ALLOT: AIA: Amended Appendix 3B
5 Feb 2010 ALLOT: AIA: Notice Of Issue Of Securities
5 Feb 2010 MONTHLY: AIA: Auckland Airport Monthly Traffic Update
5 Feb 2010 ALLOT: AIA: AIAL Appendix 3B
2 Feb 2010 WAV/RULE: AIA: Application for waivers
2 Feb 2010 HALT: AIA: Trading Halt Lifted
2 Feb 2010 HALT: AIA: Trading Halt of Securities Lifted
29 Jan 2010 RIGHT: AIA: Auckland Airport successful institutional bookbuild
29 Jan 2010 RIGHT: AIA: Auckland Airport successful institutional offer
28 Jan 2010 SSH: AIA: SSH (New Zealand Superannuation Fund Nominees Limited)
27 Jan 2010 GENERAL: AIA: Auckland Airport Notice 708AA (2)(F)
27 Jan 2010 HALT: AIA: Trading Halt of Securities
27 Jan 2010 RIGHT: AIA: Auckland Airport Share Offer
27 Jan 2010 HALT: AIA: Trading Halt of Securities
13 Jan 2010 ASSET: AIA: Auckland Airport settles purchase of stake
12 Jan 2010 CREDIT: AIA: AIA Standard & Poors announcement
11 Jan 2010 ADDRESS: AIA: AIA Cairns/Mackay Investor Presentation
11 Jan 2010 ASSET: AIA: Auckland Airport - Cairns and Mackay Airports
 
Auckland International Airport Limited Ordinary Shares

Current quote:
AIA $2.02 -1
Quotes delayed 20 minutes
Price when article published: $2.00

Previous News

Stocks to watch: Burger Fuel, Fisher & Paykel, Nuplex

Kiwi holds gains as US data buoys risk appetite

While you were sleeping: Outlook a bit brighter

Fairfax appoints two new directors

MARKET CLOSE: NZ stocks buoyed by offshore sentiment

Big Three womens' mag publishers become Big Two

Pyne Gould's Perpetual unit in talks to buy Aegis WRAP platform

Fonterra hires NZX to design share trading platform

High Court throws out Bridgecorp chairman's appeal

Regulator accuses freight forwarders of price fixing

Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
At a Glance
NZX 50 Index 3093.20 10.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
Comment & Analysis

“ The change in tone in global financial markets and websites in the past two weeks has been sudden and alarming and I must comment on the change. As reluctant as I am to be swayed too much by emotion it seems the recent appearance of the “Hindenburg Omen‘   has the major American markets quite mesmerised and [...] ”
Wayne Lochore  More »

Wayne Lochore
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.03 -0.01
APT 0.74 0.01
CEN 5.66 0.01
FBU 7.70 0.02
FPH 2.99 0.00
GMT 0.94 0.01
IFT 1.68 0.00
KIP 0.97 0.01
NPX 3.20 0.00
NZO 1.21 0.01
RYM 2.06 0.00
SKC 2.95 0.00
SKT 5.10 0.03
TEL 2.05 0.02
VCT 2.08 0.00

More market prices »

NZX Announcements

OZY - OZY NTA 02-09-2010 $3.49125 »

JWI - Preliminary Full Year Report and Release for 30 June 2010 »

NZX - NZX Buy-Back of Ordinary Shares »

FNZ - FNZ NTA 02-09-2010 $1.25607 »

MDZ - MDZ NTA 02-09-2010 $2.14138 »

TNZ - TNZ NTA 02-09-2010 $0.83002 »

More NZX Market Announcements »

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.