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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles