UPDATE: Infratil, NZ Super Fund buy RetireAustralia for A$640.2 mln

Mon, 29 Dec 2014

(Updates with Infratil, NZ Super Fund comment, share price) By Paul McBeth Dec. 29 (BusinessDesk) - Infratil and the New Zealand Superannuation Fund will buy Australia's fourth-biggest retirement village operator RetireAustralia for A$640.2 million to tap into the ageing demographic and underutilised sector across the Tasman. The Wellington-based infrastructure investor and government pension fund will spend A$429.5 million in cash with the balance funded through existing bank debt on RetireAustralia's balance sheet, they said in a joi...

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