Summerset listing might lead Quadrant to sell down: analysts

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Updated Jul 15, 2013 – 1.23pm, first published at 12.12pm

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Summerset Group’s listing on the Australian Securities Exchange might present an opportunity for major shareholder Quadrant Private Equity to sell down its stake, according to Deutsche Bank/Craigs Investment Partners analysts.

New Zealand’s second-largest retirement village group will hit the ASX boards this week, after recording increased interest from Australian investors.