Australia plans to sell A$4B health insurer in IPO

|By:, SA News Editor

The Australian government plans to sell state-owned health insurer Medibank Private in the 2014/015 financial year in an IPO that local media said could could bring in an estimated A$4B ($3.76B).

The government plans to use the proceeds in "productivity and infrastructure," Finance Minister Mathias Cormann said.

Carlyle Group (CG) and TPG Capital may be watching with interest, as they are considering listing Healthscope, a hospital operator they own, for an estimated A$5 B.