Medibank Private joins ASX
Medibank Private was admitted this week to the official list of the Australian Securities Exchange (ASX). Trading commenced on 25th November. Shares will initially trade on a conditional and deferred settlement basis. Normal settlement trading is expected to commence on or about Friday, 5 December 2014. The final price for Medibank Private shares was set at $2.15 per share, implying a market capitalisation of $5.921 billion. In a statement by the Australian Minister for Finance, the Medibank team were thanked for their hard work;
“The success of the Offer is due, in no small part, to the structured and well-managed sale process.
I wish to thank Medibank Private, under the leadership of the Chair, Ms Elizabeth Alexander AO, and Managing Director, Mr George Savvides, and their team for their contribution to the success of the sale process”
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