5 May 2012

Ngai Tahu reduces its stake in Ryman Healthcare

12:02 pm on 5 May 2012

The investment arm of Ngai Tahu has reduced its stake in Ryman Healthcare, making $31.7 million.

The iwi reduced its holding from 8% to 6%, selling 10-million shares at $3.17 each.

Ngai Tahu and Tainui bought stakes in Ryman in 2008.

Tainui sold its entire holding in Ryman last year.