Council increases ownership of Lyttelton Port of Christchurch

Christchurch City Holdings Ltd, the commercial arm of Christchurch City Council, has upped its stake in Lyttelton Port Company Ltd by 1% point to 79.123, according to a substantial shareholder notice.

A notice has to be filed for every 1% point increase and a purchase of a small number of shares last week, together with earlier purchases since November 26, 2008, amounted to such an increase.

The council company has spent $2.4 million on buying the shares on market between November 26, 2008, and May 16 this year.

NZPA

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