yes considering infratil just sold out of metlife care i read so they must believe its the top of the cycle?
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I can only guess,it is not the sector,but the company, as they are still very much involved in this sector in Aussie.
Maybe they want to takeover Oceania,or ARV???
$239.4mil to go shopping with...lol.
So if Oceania float goes ahead I would expect it will be at the lower end.
Getting out before all the old villages and leaky building claims mount up maybe? or maybe they have concerns regarding MET's high exposure to Auckland, and Auckland's slowing prices?
"Brokers are pitching to sell down listed infrastructure manager Infratil's stake in New Zealand's Metlifecare. Sources told Street Talk at least three brokers were in the market seeking buyers for the 20 per cent stake, which is worth about $NZ250 million. A deal is expected at $NZ5.60 to $NZ5.64 a share. The stock finished trading at $NZ6.07 a share on Thursday. Read more: http://www.afr.com/street-talk/broke...#ixzz4dSnLu0uF Follow us: @FinancialReview on Twitter | financialreview on Facebook"