Qantas stake sold

Qantas stake sold

The sale of the Australian government's 75 per cent stake in Qantas Airways augurs well for the sale of its stake in Commonwealth Bank of Australia, finance minister Kim Beazley said. He said the government was happy with the outcome of the Qantas sale and the A$1.45bn raised was close to what had been budgeted. "There's a reasonable foreshadowing in all this to what might ultimately happen with the Commonwealth Bank sale," he said.