Lazard may snare Medibank Private mandate

Lazard's predecessor Carnegie Wylie conducted two previous studies on the potential privatisation of the health insurer.

Lazard Ltd may be in prime position to win the mandate to conduct the potential sale of Medibank Private, perhaps the first large-scale privatisation by the Abbott government.

Joe Hockey, now the Treasurer, said in 2010 the sale of Medibank Private could raise up to $4.5 billion. Medibank Private has reportedly had annual operating profits of about $200 million, most of which has been paid as dividends to the government.

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