Ex-Treasurer Peter Costello has just handed down his audit report which he was commissioned to oversee to the Queensland government. Included in the audit were recommendations suggesting the privatisation of many assets to help shore up the sunshine state’s finances. Major assets that Costello earmarked are reported to include the state’s electricity generation, transmission and distribution network and the ports of Townsville and Gladstone. Should these assets come up for a trade sale rather than a float, then there will no doubt be interest from companies including AGL Energy (ASX: AGK) and Asciano (ASX: AIO).
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