Sale of Medibank to proceed by December


The Australian Ministry of Finance has confirmed that they are to proceed with the Medibank IPO by December this year.

A media release confirmed the sale would go ahead which said “It is the government’s intention to offer shares to retail investors and domestic and international institutions,”

“All Australians will be given the opportunity to pre-register for a Medibank Private share offer prospectus towards the end of September 2014.”

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