Seeking Alpha

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

  • 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.
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