{"id":80563,"date":"2014-10-20T15:06:58","date_gmt":"2014-10-20T15:06:58","guid":{"rendered":"https:\/\/armbanks.am\/2014\/10\/20\/241630\/"},"modified":"2024-12-15T13:13:59","modified_gmt":"2024-12-15T13:13:59","slug":"australian-federal-government-getting-ready-for-largest-privatization-since-1997","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/10\/20\/80563\/","title":{"rendered":"Australian federal government getting ready for largest privatization since 1997"},"content":{"rendered":"

YEREVAN, October 20. \/ ARKA \/.<\/strong> The Australian federal government could reap over $5 billion from the privatisation of Medibank Private, according to its prospectus, vestifinance.ru reported.<\/p>\n

At the indicative price range, the indicative market capitalisation of Medibank Private would be between $4.269bn and $5.508bn, placing it among the top 100 companies on the ASX.
\nAnalysts had estimated the sale would raise at least $4 billion.<\/p>\n

The prospectus predicts a pro-forma net profit of $258.2 million in fiscal 2015, with a full-franked dividend of 4.9c per share eyed for the seven months to June 30.<\/p>\n

The offer of shares will open on October 28, and the public will have until mid-November to apply for shares.<\/p>\n

The expected first day of trading on the ASX on a conditional and deferred settlement basis is November 25, while trading on a normal settlement basis is set to begin on December 5.<\/p>\n

The floating of Australia’s largest private health insurer is the most significant privatisation since the $4.6 billion sale of Queensland rail freight company QR National in 2010.<\/p>\n

There are no limits on foreign ownership of Medibank, meaning it could end up majority foreign owned, with individual shareholdings limited to 15 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Australian federal government could reap over $5 billion from the privatisation of Medibank Private, according to its prospectus, vestifinance.ru reported<\/p>\n","protected":false},"author":1,"featured_media":157995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[13481,15841,15926],"class_list":{"0":"post-80563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news","9":"tag-australia","10":"tag-government-2","11":"tag-ipo-3"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/80563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=80563"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/80563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157995"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=80563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=80563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=80563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}