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Christchurch City Holdings Limited

Details
Website Christchurch City Holdings Limited


Description

Christchurch City Holdings Limited (CCHL) was set up 1993 in response to calls for a confidential independent 
non-political buffer between the Council and the companies it owned. 
CCHL therefore ensures that a commercial approach is taken to managing the interface with the Council’s companies.

The Council’s investment in CCHL and its subsidiary companies was  independently valued at over $2 billion in June 2016.  CCHL has a Standard and Poor’s credit rating of A+ stable outlook.

The trading companies pay regular dividends to CCHL. In turn, CCHL pays ordinary dividends of around $46m a year to the Council. The CCHL group companies have also provided significant capital for the Council to fund other projects.