Quadrant exits New Zealand lender Heartland
Quadrant Private Equity has exited Heartland New Zealand, selling its 8.75% stake in the lender for NZ$53.5 million ($40.1 million) through a block trade.
The Australian GP sold approximately 41.1 million shares to First NZ Capital Securities for NZ$1.30 apiece on May 7, according to a filing. Heartland shares closed at NZ$1.31 the previous day and they...
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