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Sovereign Wealth Funds Briefing - Categorized | Investment

NZ Superannuation Fund plans to buy 17 pct of Metlifecare

Posted on 25 October 2013

New Zealand’s Superannuation Fund said on Friday it had entered a conditional agreement to buy a 17 percent stake in retirement village operator Metlifecare for NZ$126 million ($105.11 million). Under the agreement, the fund would buy shares for NZ$3.53 per share, and take the fund’s total holding of the company to 19.9 percent.
The announcement follows a statement by New Zealand infrastructure investor Infratil Ltd earlier in the day that it would buy a 19.9 percent stake in Metlifecare………………………………………..Full Article: Source


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