Port Denarau Marina Limited is on the verge of a major ownership change as Fijian Holdings Limited (FHL) moves forward with plans to secure a controlling stake in the marina. An Extra-Ordinary General Meeting (EGM) has been organized for December 5, 2025, at 12:30 PM, where shareholders will vote on the acquisition. Should the shareholders approve this transaction, FHL’s shareholding in Port Denarau Marina will rise from 27.5% to 51%, giving them majority control.
The primary focus of the upcoming EGM will be a special resolution regarding the purchase of shares from the current majority stakeholder, Skeggs Group Limited. The acquisition will occur in two phases: initially, FHL will elevate its ownership to 51%, establishing its majority interest, followed by FHL Trustees Limited, which will increase its stake from 0.11% to 19.63%. If both resolutions receive approval, the FHL Group will possess a substantial 70.63% interest in the marina.
This acquisition is structured in accordance with section 252(2)(n) of Fiji’s Companies Act of 2015 and marks a significant milestone for FHL, whose past transactions with Skeggs Group Limited have already showcased its commitment to increasing its influence in the marina and tourism industries. Additionally, FHL’s recent financial performance has been robust, with an interim dividend of $4.113 million announced, reflecting resilience in the tourism, retail, and finance sectors.
The impending ownership transition at Port Denarau Marina indicates FHL’s strategic growth initiative, offering promising stability and new opportunities for both FHL and the marina. As Fijian Holdings solidifies its role in this pivotal sector, stakeholders are expected to remain hopeful about the potential for positive impacts on the local economy and enhanced community involvement in tourism.