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Infratil, NZ fund buying RetireAustralia

Published Mon, Dec 29, 2014 · 09:50 PM
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Sydney

INFRATIL Ltd and New Zealand's sovereign wealth fund will buy retirement village operator RetireAustralia Ltd for A$640 million (S$688.6 million) amid rapid growth in the country's older population.

Infratil, which also owns bus services and the main airport in Wellington, and the New Zealand Superannuation Fund will each pay A$215 million for 50 per cent stakes in the takeover consortium, the companies said in a state…

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