Fijian Holdings Limited has acquired a further 23.5 percent equity interest in Port Denarau Marina Limited from Skeggs Group Limited, raising its shareholding to 51 percent and securing majority control of the company.
The transaction follows the successful completion of all required regulatory approvals and the conditional sale and purchase agreement signed on 3 June 2025.
Chairperson of FHL, Rokoseru Nabalarua says the acquisition strengthens FHL’s strategic footprint in Denarau, the heart of Fiji’s tourism hub, and aligns with emerging developments in Malolo and the Yasawa Islands.
He says it deepens their long-term exposure to the tourism sector, enhances alignment with FHL’s strategic objectives, and reinforces their commitment to delivering sustainable value for shareholders.
Director of Skeggs Group Limited, David Skeggs says the divestment forms part of an internal investment restructure.
He says they are confident that FHL and Fijian Holdings Unit Trust, as long-term institutional investors, will provide stability and support to Port Denarau's continued development, benefiting all stakeholders, staff, customers, and fellow shareholders.
Port Denarau Marina Limited will continue operating in the ordinary course of business, with the board continuing to provide strategic direction and governance oversight.
Meanwhile, to support continuity and an orderly transition, a representative of Skeggs Group Limited will remain on the Port Denarau Marina Limited Board following completion of the acquisition, and there will be no changes to the Independent Directors appointed at the Annual General Meeting.
