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Scoop
5 days ago
- Business
- Scoop
Consortium Buyout Of MMH Strongly Supported By Shareholders
Press Release – Joint Media Statement The next step towards implementation is an application to the High Court to be heard on 13 June for final orders from the court to approve the scheme. Assuming final orders are made the scheme is scheduled to be implemented around 26 June 2025. DATE: 29 May 2025 The consolidation of Northland's key infrastructure assets into a single ownership entity took a step closer to becoming a reality today, positioning both Northport Limited and Marsden Maritime Holdings Limited (NZX: MMH) for growth opportunities. This followed a meeting of MMH shareholders who approved the scheme of arrangement ('scheme') involving the buyout of non-Northland Regional Council ('NRC') shareholders in MMH at $5.60 per share by a consortium comprising NRC, Port of Tauranga ('POT') and Tupu Tonu (Ngāpuhi Investments Fund Ltd, or 'TT'). In a joint statement the consortium partners said: 'Ours is an important strategic partnership that enables us to speak with one voice on any development of these key Northland assets. Our consortium represents both Northland locals and investment for iwi and hapū settlements, alongside the expertise of New Zealand's largest and most efficient port operator, POT. Together we look forward to working with the government on solutions that will not only benefit the local community but also New Zealanders in delivering efficient import and export logistics solutions. Substantial investment will be required from all stakeholders to develop Northport and the land holdings of MMH. But today's successful vote is a significant step forward in bringing together a united commercial ownership structure capable of moving efficiently in achieving development goals.' The consortium's $5.60 per share offer was within the value range assessed by independent advisers, Grant Samuel, and entry into the Scheme Implementation Agreement to give effect to the scheme was unanimously supported by the independent directors on the MMH board. At a meeting in Whangārei MMH shareholders approved the scheme paving the way for the delisting of MMH shares from the NZX, and bringing full control of Northport under a single ownership umbrella. Prior to implementation of the scheme in late June 2025, MMH owns 50% of Northport, and POT the other 50%. The shareholding of the consortium comprises, NRC holding 43%, TT 7% and POT 50%. NRC and POT will have equal decision and voting rights. NRC has also committed to set aside a further 7% of its shareholding for other iwi and hapū that could form part of a future Treaty settlement negotiated between iwi and hapū and the Crown, with those shares purchased by the Crown from NRC at market value. Together this provides an opportunity for 14% of Northport to be owned by iwi and hapū of Te Taitokerau. • NRC comments – Geoff Crawford, Chair 'Partnering with POT and TT brings real strength and alignment to this strategic initiative. This is our single largest investment and a hugely important asset for the future of Te Taitokerau. We believe the consortium represents a better way to structure our investment which will over time have improved benefits and outcomes for our region. Importantly, this proposal keeps ownership of the port in New Zealand, gives Northland a bigger stake and influence over the future direction of this regionally significant infrastructure asset, while at the same time further strengthens our strategic partnership with the country's largest port operator. Our investment in the consortium taking over MMH, significantly increases our holding in the port. I note that our contribution to the proposal is not expected to have any impact on rates. We are funding this extra investment through a mix of borrowing and proceeds from non-strategic assets sales.' • TT comments – Ben Dalton, Chair 'We are pleased to be working closely with NRC to ensure that Ngāpuhi interests are reflected in the ownership and future of MMH and Northport. We are excited by the prospects that this new partnership brings. Our participation is an example of the commercial capability of TT to invest in Northland, giving confidence that we are serious about securing an ownership interest in strategic regional assets like the port, for the future, and to ensure ownership remains in the North.' • POT comments – Leonard Sampson, Chief Executive 'We strongly support the rationalisation of the structure and the logic of merging the port with the surrounding land. This simplified structure positions the port operations for any commercial growth initiatives.' Implementation of the scheme The next step towards implementation is an application to the High Court to be heard on 13 June for final orders from the court to approve the scheme. Assuming final orders are made the scheme is scheduled to be implemented around 26 June 2025. Future Port expansion a separate decision While the consortium parties have agreed to work together, at this stage no decisions have been made by the consortium on the future expansion of the port or capital requirements to achieve this. About NRC Northland Regional Council has had a major shareholding in commercial port-related activities in Te Taitokerau / Northland since the 1980's. There have been changes over time, with NRC originally owning 72.3% of MMH (previously known as Northland Port Corporation) – a publicly-listed company on the NZX, but today NRC retains a majority shareholding of 53.6% in MMH. MMH owns 150ha of commercial property in Marsden Point along with a 50% shareholding in Northport Ltd ('Northport'), a deep-water commercial port. Port of Tauranga owns the other 50% of Northport. The change in ownership and control of this strategic asset required public consultation and an amendment to the council's Long Term Plan 2024-2034, which happened in March/April – more information about that process is available at About TT Tupu Tonu is a Crown-owned investment company tasked with acquiring and building a portfolio of commercial assets that can be offered in future Treaty settlement negotiations with Ngāpuhi. To date, Tupu Tonu has invested approximately two thirds of its $150m initial capital allocation in a range of whenua-based and strategic sectors such as infrastructure and energy, primary industries and commercial property. About POT Port of Tauranga (NZX:POT) is New Zealand's largest port and international freight hub. It has container and bulk cargo wharves in Tauranga connected via road and rail to inland ports in Hamilton and Auckland. Its investments include a 50% shareholding in Northport, a 50% shareholding in PrimePort Timaru, a 50% shareholding in logistics company Coda and a 50% shareholding in Ruakura Inland Port.
Scoop
5 days ago
- Business
- Scoop
Consortium Buyout Of MMH Strongly Supported By Shareholders
DATE: 29 May 2025 The consolidation of Northland's key infrastructure assets into a single ownership entity took a step closer to becoming a reality today, positioning both Northport Limited and Marsden Maritime Holdings Limited (NZX: MMH) for growth opportunities. This followed a meeting of MMH shareholders who approved the scheme of arrangement ('scheme') involving the buyout of non-Northland Regional Council ('NRC') shareholders in MMH at $5.60 per share by a consortium comprising NRC, Port of Tauranga ('POT') and Tupu Tonu (Ngāpuhi Investments Fund Ltd, or 'TT'). In a joint statement the consortium partners said: 'Ours is an important strategic partnership that enables us to speak with one voice on any development of these key Northland assets. Our consortium represents both Northland locals and investment for iwi and hapū settlements, alongside the expertise of New Zealand's largest and most efficient port operator, POT. Together we look forward to working with the government on solutions that will not only benefit the local community but also New Zealanders in delivering efficient import and export logistics solutions. Substantial investment will be required from all stakeholders to develop Northport and the land holdings of MMH. But today's successful vote is a significant step forward in bringing together a united commercial ownership structure capable of moving efficiently in achieving development goals.' The consortium's $5.60 per share offer was within the value range assessed by independent advisers, Grant Samuel, and entry into the Scheme Implementation Agreement to give effect to the scheme was unanimously supported by the independent directors on the MMH board. At a meeting in Whangārei MMH shareholders approved the scheme paving the way for the delisting of MMH shares from the NZX, and bringing full control of Northport under a single ownership umbrella. Prior to implementation of the scheme in late June 2025, MMH owns 50% of Northport, and POT the other 50%. The shareholding of the consortium comprises, NRC holding 43%, TT 7% and POT 50%. NRC and POT will have equal decision and voting rights. NRC has also committed to set aside a further 7% of its shareholding for other iwi and hapū that could form part of a future Treaty settlement negotiated between iwi and hapū and the Crown, with those shares purchased by the Crown from NRC at market value. Together this provides an opportunity for 14% of Northport to be owned by iwi and hapū of Te Taitokerau. • NRC comments – Geoff Crawford, Chair 'Partnering with POT and TT brings real strength and alignment to this strategic initiative. This is our single largest investment and a hugely important asset for the future of Te Taitokerau. We believe the consortium represents a better way to structure our investment which will over time have improved benefits and outcomes for our region. Importantly, this proposal keeps ownership of the port in New Zealand, gives Northland a bigger stake and influence over the future direction of this regionally significant infrastructure asset, while at the same time further strengthens our strategic partnership with the country's largest port operator. Our investment in the consortium taking over MMH, significantly increases our holding in the port. I note that our contribution to the proposal is not expected to have any impact on rates. We are funding this extra investment through a mix of borrowing and proceeds from non-strategic assets sales.' • TT comments – Ben Dalton, Chair 'We are pleased to be working closely with NRC to ensure that Ngāpuhi interests are reflected in the ownership and future of MMH and Northport. We are excited by the prospects that this new partnership brings. Our participation is an example of the commercial capability of TT to invest in Northland, giving confidence that we are serious about securing an ownership interest in strategic regional assets like the port, for the future, and to ensure ownership remains in the North.' • POT comments – Leonard Sampson, Chief Executive 'We strongly support the rationalisation of the structure and the logic of merging the port with the surrounding land. This simplified structure positions the port operations for any commercial growth initiatives.' Implementation of the scheme The next step towards implementation is an application to the High Court to be heard on 13 June for final orders from the court to approve the scheme. Assuming final orders are made the scheme is scheduled to be implemented around 26 June 2025. Future Port expansion a separate decision While the consortium parties have agreed to work together, at this stage no decisions have been made by the consortium on the future expansion of the port or capital requirements to achieve this. About NRC Northland Regional Council has had a major shareholding in commercial port-related activities in Te Taitokerau / Northland since the 1980's. There have been changes over time, with NRC originally owning 72.3% of MMH (previously known as Northland Port Corporation) – a publicly-listed company on the NZX, but today NRC retains a majority shareholding of 53.6% in MMH. MMH owns 150ha of commercial property in Marsden Point along with a 50% shareholding in Northport Ltd ('Northport'), a deep-water commercial port. Port of Tauranga owns the other 50% of Northport. The change in ownership and control of this strategic asset required public consultation and an amendment to the council's Long Term Plan 2024-2034, which happened in March/April - more information about that process is available at About TT Tupu Tonu is a Crown-owned investment company tasked with acquiring and building a portfolio of commercial assets that can be offered in future Treaty settlement negotiations with Ngāpuhi. To date, Tupu Tonu has invested approximately two thirds of its $150m initial capital allocation in a range of whenua-based and strategic sectors such as infrastructure and energy, primary industries and commercial property. About POT Port of Tauranga (NZX:POT) is New Zealand's largest port and international freight hub. It has container and bulk cargo wharves in Tauranga connected via road and rail to inland ports in Hamilton and Auckland. Its investments include a 50% shareholding in Northport, a 50% shareholding in PrimePort Timaru, a 50% shareholding in logistics company Coda and a 50% shareholding in Ruakura Inland Port.
Scoop
22-04-2025
- Business
- Scoop
NRC Given Green Light To Consortium Takeover Of MMH
Press Release – Northland Regional Council The council revealed in late February it was a key figure in a consortium seeking to bring full control of Marsden Point-based Northport under a single ownership umbrella via a new joint-venture company combining MMH and Northport. The Northland Regional Council (NRC) was today (subs: Tuesday 22 April) given the green light from its councillors to proceed with a takeover of Marsden Maritime Holdings (MMH). The council revealed in late February it was a key figure in a consortium seeking to bring full control of Marsden Point-based Northport under a single ownership umbrella via a new joint-venture company combining MMH and Northport. Councillors at their monthly meeting in Whangārei today voted unanimously to amend council's Te Mahere Roa | Long Term Plan 2024-2034 (LTP) to change the structure of its interests in Marsden Maritime Holding and Northport. Council Chair Geoff Crawford says: 'Today's decision paves the way for us to proceed with our plans to unite the land assets of MMH with Northport and in doing so give NRC a much larger holding in this important local asset.' Under the proposal, NRC would hold a 43% stake in the new company holding the assets of both MMH and Northport. Port of Tauranga would hold a 50% stake and Tupu Tonu (Ngāpuhi Investment Fund Ltd) would hold a 7% stake. NRC and POT would have equal decision/voting rights. (Northport is currently owned 50/50 between Port of Tauranga (POT) and MMH; under the proposed deal POT would have a 50% share in the merged entity). Council's consortium partners welcomed today's announcement, jointly commenting: 'With that approval now given, our combined offer to buy out the minorities in MMH at $5.60 a share scheme offer can proceed.' 'We now await the Independent Appraiser's report and scheme documents ahead of a special meeting of MMH shareholders expected to be held next month where shareholders will vote on the sale of shares to the consortium.' The consultation process was required because NRC's interests in MMH, including the Northport shares MMH holds, were classed as a strategic asset the council was required to consult on its proposal as an amendment to its LTP. That consultation ran from 26 February until 28 March and the council received a total of 42 feedback forms. Chair Crawford says, 'Overall feedback was positive, however, this was tempered by a number of questions and concerns about the details of the proposal.' Submitters in favour of the proposal voiced strong support for bringing the ownership of MMH and Northport closer to Te Taitokerau, simplifying the ownership structure and enhancing economic growth for the region. Submitters who expressed opposition to the proposal had raised concerns about the potential loss of control and the perceived inconsistency of iwi/hapū now wanting to buy in after previously opposing Northport's development. They also felt council should not participate in any restructure that could become part of treaty settlements, as the council's role is to serve ratepayers. Other submitters expressed concerns about the proposed change in ownership composition of MMH and Northport, and that council would lose its controlling share. Concerns were also raised about a potential loss of annual dividend payments if council divests some of its shares. However, Chair Crawford says the proposal would give council a bigger stake in the revenue-generating elements of the assets, including the port. 'Investment revenue helps subsidise rates and pay for the services council delivers.' He reiterated earlier comments that the NRC's share of the proposed deal is not expected to impact rates. The additional $40.78 million required from council – on top of its current shareholding in MMH – would be paid for by borrowing from the New Zealand Local Government Funding Agency as well as selling some of the council's non-strategic property assets. He says that under the proposed deal the council would hold a much bigger stake in the resulting new-look Northport. 'The way MMH is structured now means council, with its current 53.6% share, effectively owns only 26.8% of Northport.' 'The current ownership model, with MMH being an NZX listed company also means that NRC has no influence or control over what happens at the port other than through the appointment of directors onto MMH.' 'In contrast, as part of the consortium proposal the council would own 43% of Northport and would have much more access to information, influence and decision making over the future of our region's port.' Council has earmarked an additional seven percent for other iwi and hapū with interests within the rohe (area) of the Whangārei Harbour, should they wish to take this up as part of their treaty settlement process. While this would effectively reduce council's shareholding to 36%, council would remain 50/50 decision making with POT. Council's consultation had included direct communication with both iwi and hapū who had an interest in the Whangārei Harbour, communications to previous LTP submitters and to council's 'Have Your Say' subscription list, council's tāngata whenua contacts, and key business groups. 'Wider promotion during the consultation period occurred via digital advertising, social media, public notice, media releases and council's website, and by way of a Consultation Document.'
Scoop
22-04-2025
- Business
- Scoop
NRC Given Green Light To Consortium Takeover Of MMH
The Northland Regional Council (NRC) was today (subs: Tuesday 22 April) given the green light from its councillors to proceed with a takeover of Marsden Maritime Holdings (MMH). The council revealed in late February it was a key figure in a consortium seeking to bring full control of Marsden Point-based Northport under a single ownership umbrella via a new joint-venture company combining MMH and Northport. Councillors at their monthly meeting in Whangārei today voted unanimously to amend council's Te Mahere Roa | Long Term Plan 2024-2034 (LTP) to change the structure of its interests in Marsden Maritime Holding and Northport. Council Chair Geoff Crawford says: "Today's decision paves the way for us to proceed with our plans to unite the land assets of MMH with Northport and in doing so give NRC a much larger holding in this important local asset." Under the proposal, NRC would hold a 43% stake in the new company holding the assets of both MMH and Northport. Port of Tauranga would hold a 50% stake and Tupu Tonu (Ngāpuhi Investment Fund Ltd) would hold a 7% stake. NRC and POT would have equal decision/voting rights. (Northport is currently owned 50/50 between Port of Tauranga (POT) and MMH; under the proposed deal POT would have a 50% share in the merged entity). Council's consortium partners welcomed today's announcement, jointly commenting: "With that approval now given, our combined offer to buy out the minorities in MMH at $5.60 a share scheme offer can proceed." "We now await the Independent Appraiser's report and scheme documents ahead of a special meeting of MMH shareholders expected to be held next month where shareholders will vote on the sale of shares to the consortium." The consultation process was required because NRC's interests in MMH, including the Northport shares MMH holds, were classed as a strategic asset the council was required to consult on its proposal as an amendment to its LTP. That consultation ran from 26 February until 28 March and the council received a total of 42 feedback forms. Chair Crawford says, "Overall feedback was positive, however, this was tempered by a number of questions and concerns about the details of the proposal." Submitters in favour of the proposal voiced strong support for bringing the ownership of MMH and Northport closer to Te Taitokerau, simplifying the ownership structure and enhancing economic growth for the region. Submitters who expressed opposition to the proposal had raised concerns about the potential loss of control and the perceived inconsistency of iwi/hapū now wanting to buy in after previously opposing Northport's development. They also felt council should not participate in any restructure that could become part of treaty settlements, as the council's role is to serve ratepayers. Other submitters expressed concerns about the proposed change in ownership composition of MMH and Northport, and that council would lose its controlling share. Concerns were also raised about a potential loss of annual dividend payments if council divests some of its shares. However, Chair Crawford says the proposal would give council a bigger stake in the revenue-generating elements of the assets, including the port. "Investment revenue helps subsidise rates and pay for the services council delivers." He reiterated earlier comments that the NRC's share of the proposed deal is not expected to impact rates. The additional $40.78 million required from council - on top of its current shareholding in MMH - would be paid for by borrowing from the New Zealand Local Government Funding Agency as well as selling some of the council's non-strategic property assets. He says that under the proposed deal the council would hold a much bigger stake in the resulting new-look Northport. "The way MMH is structured now means council, with its current 53.6% share, effectively owns only 26.8% of Northport." "The current ownership model, with MMH being an NZX listed company also means that NRC has no influence or control over what happens at the port other than through the appointment of directors onto MMH." "In contrast, as part of the consortium proposal the council would own 43% of Northport and would have much more access to information, influence and decision making over the future of our region's port." Council has earmarked an additional seven percent for other iwi and hapū with interests within the rohe (area) of the Whangārei Harbour, should they wish to take this up as part of their treaty settlement process. While this would effectively reduce council's shareholding to 36%, council would remain 50/50 decision making with POT. Council's consultation had included direct communication with both iwi and hapū who had an interest in the Whangārei Harbour, communications to previous LTP submitters and to council's 'Have Your Say' subscription list, council's tāngata whenua contacts, and key business groups. "Wider promotion during the consultation period occurred via digital advertising, social media, public notice, media releases and council's website, and by way of a Consultation Document."
Yahoo
17-04-2025
- Business
- Yahoo
Multichannel Marketing Hubs (MMH) Market on a Steady Growth Path: Projected to Grow Through 2030 at CAGR 11.09%
Sustainable 11.09% CAGR Reflects Enduring Multichannel Marketing Hubs (MMH) Demand Across Sectors Middleton, Massachusetts, April 17, 2025 (GLOBE NEWSWIRE) -- QKS Group, a premier market intelligence and advisory firm, has released its latest in-depth analysis of the global Multichannel Marketing Hubs (MMH) Market, projecting a compound annual growth rate of 11.09% through 2030. The new reports - 'Market Share: Multichannel Marketing Hubs (MMH), 2024, Worldwide & Regional Report' and 'Market Forecast: Multichannel Marketing Hubs (MMH), 2025-2030, Worldwide & Regional Report' - the market is expected to grow at a compound annual growth rate of 11.09% through 2030. This analysis equips businesses with the strategic intelligence needed to navigate the dynamic MMH landscape and make informed decisions as the market continues to evolve. The Next Growth Frontier in MMH Platforms As customer expectations shift toward personalized, seamless brand experiences across channels, Multichannel Marketing Hubs have become essential platforms for orchestrating campaigns, integrating data, and delivering contextually relevant messaging. Companies across retail, BFSI, travel, telecom, and healthcare are embracing MMH solutions to unify touchpoints across email, SMS, push, web, and social - enhancing engagement and maximizing marketing ROI. According to Richa Choubey, Analyst at QKS Group, 'Multichannel Marketing Hubs are redefining how brands connect with consumers. With capabilities like real-time decisioning, audience segmentation, and cross-channel automation, these platforms are becoming vital for enterprises striving to build consistent, data-driven experiences.' Key Market Insights from QKS Group's Report Global and Regional Market Analysis: A deep dive into worldwide and regional MMH platform adoption trends, competitive landscapes, and future growth projections. Competitive Benchmarking: A comparative analysis of top MMH vendors, their market positioning, and strategic differentiators. Industry Adoption Trends: Insights into which sectors are investing most heavily in MMH solutions and why. Technology Disruption & AI's Role: How AI, customer journey orchestration, and predictive segmentation are transforming MMH platforms to elevate personalization and marketing agility. Market Leaders & Competitive Landscape The report covers key industry players, including Acoustic, Acquia, Adobe, Bloomreach, Braze, Clevertap, HCLSoftware, Insider, Iterable, Marigold Engage+, MoEngage, Netcore Cloud, Optimove, Oracle, Pegasystems, RedPoint Global, Salesforce, SAS, and SAP Emarsys. Why This Matters for MMH Vendors? For CEOs, CFOs, and CSOs of Multichannel Marketing Hub providers, these insights are vital for identifying growth corridors, enhancing competitive differentiation, and aligning with enterprise marketing needs. As personalization, data privacy, and channel unification take centre stage, vendors must deliver platforms that combine powerful automation with flexible integration and customer-centric intelligence to drive impactful marketing results. Get Access to Exclusive Market Insights (single report or subscription offering) Market Share: Multichannel Marketing Hubs (MMH), 2024, Worldwide Market Forecast: Multichannel Marketing Hubs (MMH), 2025-2030, Worldwide The comprehensive research package includes: Most Comprehensive Market Forecast Analysis: A separate market forecast report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America Unmatched Competitive Analysis: A separate market share report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America QKS TrendsNXT on MMH market QKS TAMSAM Insights report on the MMH market Exclusive Analyst Advisory Sessions for strategic decision making and validation About QKS Group QKS Group, formerly Quadrant Knowledge Solutions, is a leading global advisory and research firm, dedicated to empowering technology innovators to accelerate their growth journeys and enable technology adopters to achieve their digital transformation objectives. Click below to learn more about Competitive Intelligence Service: To gain access to the full market insights, growth forecasts, and competitive analysis, Connect: Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: shraddha.r@ Source: Connect with us on LinkedIn- CONTACT: Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts01949 United States Email:shraddha.r@ in to access your portfolio
