Fijian Holdings Limited (FHL) now holds 51 percent of Port Denarau Marina Limited (PDML) after completing the purchase of an additional 23.5 percent equity interest from Skeggs Group Limited.
The transaction follows completion of a conditional sale and purchase agreement signed on 3 June 2025 and has received all required regulatory approvals.
Following a $6 million Fijian dollars (approximately $2.7 million USD) expansion completed in September 2025, Port Denarau Marina now has 62 private berths, including 27 for superyachts over 24 metres. The marina also operates 63 commercial berths, 16 swing moorings and marine service facilities, including a 30-tonne travel lift.
“This acquisition strengthens FHL’s strategic footprint in Denarau, the heart of Fiji’s tourism hub, and aligns with the emerging developments in Malolo and the Yasawa Islands. It deepens our long-term exposure to the tourism sector, enhances portfolio alignment with our strategic objectives and reinforces our commitment to delivering sustainable value for our shareholders,” said Rokoseru Nabalarua, chairperson of FHL.
“As part of an internal investment restructure, we have agreed to divest our remaining interest in PDML. We are confident that FHL and FHUT, as long-term institutional investors, will provide stability and support to PDML’s continued development. This outcome will benefit all stakeholders, staff, customers and fellow shareholders,” said David Skeggs, director of Skeggs Group Limited.
PDML will continue operating as usual under its current board. A representative of Skeggs will remain on the board after the transaction, and the independent directors appointed at the annual general meeting will continue in their roles.
