Medibank to raise $5.7 billion

By Bianca Hartge-Hazelman and Philip Baker
Updated November 23 2014 - 8:08pm, first published 1:49pm
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month.  Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month. Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month.  Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month. Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month.  Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month. Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month.  Photo: Luis Ascui
Finance minister Mathias Cormann and Medibank managing director George Savvides at a press conference last month. Photo: Luis Ascui

The federal government is set to reap $5.679 billion from the sale of Medibank Private, with shares to begin trading at $2.15 on Tuesday based on an institutional investor price.

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