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    Jimmy

    The Peoples Port bid is offering a price of £400m to buy the Port

    The government takes 50% of this - £200m

    The other £200m is vested into the Port Company as working capital as the Trust Port (DHB) no longer exists once the sale is completed.

    So the net consideration to the government is the £200m, this process is all clearly spelt out in the Ports Act 1991

    I hope this makes it a bit clearer

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