Macquarie divest stake in Oceania Healthcare
Date
February 04, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
New Zealand
Subsectors
Hospital & Healthcare
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Macquarie Group has sold its 41% stake in Oceania Healthcare for NZD 301.4 million (US$ 194.77 million). The transaction was executed by the block trade agreement.
Oceania Healthcare provides and develops residential aged care and retirement village services in New Zealand.
A total of 251 million shares were sold at a rate of NZD 1.20 (US$ 0.77) per share.
