Queensland sells half its stake in Qr National railway

摘要

The Queensland government has sold over half of its stake in rail haulage company QR National for A$1.5 billion ($1.53 billion), surprising the market with the high price it achieved at a time of weak commodity prices. In a deal facilitated by investment bank UBS, the state government made a A$400 million profit by selling more than half of its 34% stake for A$3.47 per QR National share to a number of sovereign wealth and pension funds.