Summerset shareholder Quadrant promises exit will be ‘orderly’

Tue, 30 Apr 2013

By Paul McBeth April 30 (BusinessDesk) - Summerset Group shareholder Quadrant Private Equity has promised an orderly exit from the retirement village operator if and when it decides to sell its 37.2 percent stake. Managing director Chris Hadley, who sits on the Summerset board, told shareholders in Wellington that he couldn't spell out his firm's "intentions of the timing of the sell down or holding" in the company, but if they do sell down it will be done in a "very sensible fashion." "In selling down, or an intention to sell down, our pri...

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