The reason: "The banks held the government's shares as security over the loan and had gradually sold them down as a hedge as Oil Search's share price fell over the past few years, a person familiar with the transactions said." https://hotcopper.com.au/threads/ne...ll-stake-in-oil-search.3702117/#post-27379200
ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024