Oceania Healthcare CEO expects Macquarie to start selling down controlling stake

Thu, 26 Jul 2018

By Rebecca Howard July 26 (BusinessDesk) - Oceania Healthcare chief executive Earl Gasparish expects Macquarie Group to start gradually selling its majority stake now an escrow period is ending. Under the conditions outlined in its initial public offering last year, a 57 percent stake held by Macquarie Group managed funds and senior managers will be able to be sold from Friday when the escrow period ends. While "I can't speak for Macquarie ... I would expect them to gradually begin a selldown strategy over time," Gasparich told Busines...

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