Macquarie sells 15.6% stake in Oceania Healthcare for $104.5M

Wed, 05 Sep 2018

By Tina Morrison Sept. 6 (BusinessDesk) - Oceania Healthcare's cornerstone shareholder Macquarie Group sold a 15.6 percent stake in the aged care and retirement village operator for $104.5 million, reducing its holding to 41.7 percent. Oceania Healthcare Holdings Ltd, the investment vehicle which owns the shares on behalf of Macquarie Group managed funds and senior managers, sold 95 million shares at $1.10 apiece in a bookbuild process to a range of New Zealand and Australian institutional investors, and New Zealand retail investors, acco...

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