Metlifecare shares surge after Infratil, NZ Super Fund buy stakes

Fri, 25 Oct 2013

By Tina Morrison Oct. 25 (BusinessDesk) – Shares in Metlifecare surged, making it the best performer on the NZX 50 benchmark index today, on optimism new cornerstone shareholders Infratil and the New Zealand Superannuation Fund will add value to the retirement village developer and operator. Infrastructure investor Infratil and the NZ Super Fund, who previously worked together on Z Energy, both plan to hold a 19.9 percent stake in Metflifecare after agreeing to buy shareholdings from Retirement Villages New Zealand, the companies said in sep...

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