Medibank to be sold

JONATHAN SWAN
Last updated 17:51 26/03/2014

Relevant offers

Australia

Son pushes for Timor case to be re-examined Australian tsunami orphan conman jailed Sick Kiwi girl returns from Australia Former Australian PM Gough Whitlam dies Whitlam wanted to improve life for all Australians 40-year Australian cold case ends in murder charges MH17: The ones left behind Why can't Aussie politicians talk like adults? Australia sets conservation deadline Girl, 4, survives eight storey fall on Gold Coast

The Abbott government has confirmed it will sell its first major public asset - Medibank Private.

Australians will soon be able to buy shares in Medibank Private through an initial public offering, with Finance Minister Mathias Cormann confirming the sale of the multi-billion dollar asset.

Senator Cormann would not be drawn on how much money he hoped the government would make from the sale, which has been speculated as netting about $4 billion.

''Subject to market conditions, Medibank Private will be sold through an initial public offering in the 2014-15 financial year,'' Senator Cormann said on Wednesday.


Ad Feedback

- The Age

Special offers

Featured Promotions

Sponsored Content