Posted in | News | Mining Infrastructure

QR National Pre-Registration Closes Friday

Queensland Rail has seen enormous investor interest in the planned IPO of freight arm QR National. The Queensland Rail chief Lance Hockridge was addressing a business breakfast in Brisbane when he said that the pre-registration for QR National shares would be closing on Friday.

Mr Hockridge said that despite the public anger over the bid to privatize QR National the sale will eventually be good for the state. The shareholder would benefit greatly from the company's international reputation. He also said that it was a big week for the nation's largest rail business.

QR National Pre-Registration

He told those present that they had a great deal of interaction with potential investors, retail investors of Australia, institutional investors in Australia and overseas. He felt that the enormous extent of interest was related to the fact that it was a great company with a great history and a great reputation.

The Queensland government will retain a stake between 25 to 40 % in QR National when the company is floated. This is one of the entities being sold under the Bligh government's controversial asset sales program. QR National operates across five Australian states at present.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, February 18). QR National Pre-Registration Closes Friday. AZoMining. Retrieved on July 22, 2024 from https://www.azomining.com/News.aspx?newsID=416.

  • MLA

    Chai, Cameron. "QR National Pre-Registration Closes Friday". AZoMining. 22 July 2024. <https://www.azomining.com/News.aspx?newsID=416>.

  • Chicago

    Chai, Cameron. "QR National Pre-Registration Closes Friday". AZoMining. https://www.azomining.com/News.aspx?newsID=416. (accessed July 22, 2024).

  • Harvard

    Chai, Cameron. 2019. QR National Pre-Registration Closes Friday. AZoMining, viewed 22 July 2024, https://www.azomining.com/News.aspx?newsID=416.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.