NZ village and care operator Oceania looks to Australia

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Australia’s Macquarie Bank owned Oceania successfully listed in the NZ Stock Exchange last week. Its shares debuted at 0.82, 3.8% higher than the 0.79 offer price.

Oceania recently raised $200M through an initial public offering, with Macquarie selling 41.5% of the total shares in the company.

The operator now plans to build another 1,700 beds in NZ over the next decade and looks to expand to Australia in the longer term.