THE DISTILLERY: QR coup

One jotter explains the "genius" of Tim Nicholls $1.5bn sale, while others outline the winners and losers.

The Queensland government managed to sell a shedload of QR National stock at the price the coal haulage company closed at on Friday. How is that possible? Australia’s business commentators run through the $1.5 billion coup played by Queensland Treasurer Tim Nicholls, with the assistance of investment banks UBS and Rothschild.

The Australian’s John Durie writes that the "genius” of the Queensland government’s sale was its exploitation of the market’s "herd mentality”.

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