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”.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

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

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

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles