Listed Auckland International Airport (AIA) and failed suitor the Canadian Pension Plan Investment Plan (CPP) are headed to the High Court to settle outstanding cost claims of more than $6 million and issues over a confidentiality agreement.
The airport claims expenses of $7.6 million, following CPP having earlier in the year made an unsuccessful $1.75 billion takeover bid, but the Canadian group had since paid the airport $1.34 million.
Yesterday, the airport filed a statement of claim in the High Court, saying in a separate statement the $1.34 million paid covers the airport costs "properly incurred".
"To resolve the issues concerning the amounts that are properly recoverable, CPP has decided to seek a declaration from the High Court," the organisation said in a statement yesterday.
The airport and CPP signed a confidentiality agreement in June last year which included a "no trading" in shares clause covering CPP, which it has been unable to gain airport agreement to change, and it will seek "declarations and other redresses" from the High Court.
