Aug 16 (Reuters) - Telstra Corporation Ltd (TLS) :
- 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
News: CHC Telstra Corp Announces Establishment And Part Sale Of Unlisted Property Trust
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