Metlifecare stake not a long-term hold for Infratil, Bogoievski says

Thu, 25 Aug 2016

By Paul McBeth Aug. 25 (BusinessDesk) - Infratil chief executive Marko Bogoievski is happy with the 80 percent gain the value of the infrastructure investor's stake in retirement village operator Metlifecare, but doesn't expect the minority interest will be a long-term hold. Wellington-based Infratil has branched out into new sectors such as retirement villages as it looks to fill its portfolio with a mix of solid cash-generating investments to help fund riskier ventures that may need capital to pursue development opportunities. Speaking...

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