Quadrant trims stake in New Zealand retirement village chain
Quadrant Private Equity is to reduce its stake in New Zealand retirement village operator Summerset. The Australian firm plans to divest around a third of its 56% holding in the NZX-listed company, equivalent to around 400 million shares.
The company has been placed on a two-day trading halt to enable the sell-down, which was agreed on Saturday. The sale is being conducted by UBS. Quadrant will continue to be a significant shareholder...
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