Infratil, NZ Super Fund nab nearly 40 percent of Metlifecare

Thu, 24 Oct 2013

By Paul McBeth Oct. 25 (BusinessDesk) - Infrastructure investor Infratil and the New Zealand Superannuation Fund have taken cornerstone stakes in retirement village operator and developer Metlifecare, announcing purchases equivalent to 36.9 percent of the company and taking their joint holdings to 39.8 percent. Infratil took the larger stake, 19.9 percent, while the Super Fund topped up its existing holding by a further 17 percent to 19.9 percent, meaning the partners who jointly purchased and then partially floated Z Energy hold equal stake...

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