Fijian Holdings Limited (FHL) has successfully acquired an additional 23.5 percent equity stake in Port Denarau Marina Limited (PDML) from Skeggs Group Limited, following the completion of all necessary regulatory approvals. This transaction, which stems from a conditional sale and purchase agreement signed on June 3, 2025, elevates FHL’s total shareholding in PDML to 51 percent.
This acquisition marks a significant advancement in FHL’s strategic investment strategy, enhancing its position within the tourism sector, which is vital to Fiji’s economy. FHL Chair Rokoseru Nabalarua emphasized that this move not only solidifies FHL’s presence in Denarau, a key area in Fiji’s tourism landscape, but also aligns with ongoing developments in neighboring regions like Malolo and the Yasawa Islands. Nabalarua highlighted that the acquisition deepens FHL’s commitment to the tourism sector, aligning with the company’s objectives to deliver sustainable value to its shareholders.
David Skeggs, Director of Skeggs Group Limited, stated that the decision to divest their remaining interest in PDML was part of an internal investment restructure. He expressed confidence that FHL and FHUT would provide stability and continued support for PDML, benefiting all stakeholders, including staff, customers, and shareholders.
Following the acquisition, PDML will maintain its usual operations, with its Board continuing to provide strategic direction and governance oversight. To ensure a smooth transition, a Skeggs Group Limited representative will remain on the PDML Board, and all Independent Directors appointed during the Annual General Meeting will continue in their roles.
This acquisition reflects FHL’s ongoing dedication to enhancing its investment portfolio, reinforcing its commitment to sustainable growth in key sectors of the Fijian economy.