Telstra Corp Announces Establishment And Part Sale Of Unlisted Property Trust [Reuters]
TELSTRA CORP S/ADR (TLSYY)
NASDAQ:AMEX Investor Relations:
telstra.com.au/aboutus/investors
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Source: Reuters
Charter Hall Group (CHC.AX) Key Developments | Reuters.com Aug 16 (Reuters) - Telstra Corporation Ltd ::REACHES $1 BILLION IN ASSET MONETISATION.ANNOUNCED ESTABLISHMENT AND PART SALE OF AN UNLISTED PROPERTY TRUST TO OWN 37 OF TELSTRA'S EXISTING EXCHANGE PROPERTIES.AS PART OF TRANSACTION A CHARTER HALL-LED CONSORTIUM WILL ACQUIRE A 49 PER CENT STAKE IN NEW TRUST FOR $700 MILLION.TELSTRA EXPECTS TRANSACTION TO BE COMPLETED IN FIRST HALF OF FY20, WITH ESTIMATED PROCEEDS FROM SALE OF APPROXIMATELY $160 MILLION.TELSTRA WILL RETAIN OWNERSHIP OF A 51 PER CENT CONTROLLING INTEREST IN PROPERTY TRUST AND RETAIN OPERATIONAL CONTROL OF PROPERTIES.AS PART OF TRANSACTION A CHARTER HALL-LED CONSORTIUM WILL ACQUIRE A 49 PER CENT STAKE IN NEW TRUST FOR $700 MILLION. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and internatio
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