New Zealand: Cornerstone shareholder exits Oceania Healthcare

Macquarie Group, a cornerstone shareholder in Oceania Healthcare since its IPO, has completed its exit from New Zealand’s third-largest residential aged care provider. Oceania Healthcare Holdings, the vehicle through which Macquarie held its stake, raised NZ$301.4m (US$197m) after it sold 251.2 million shares at NZ$1.20 per share. This was a 4% discount to the pre-deal…

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