WBA webster limited
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June 21 (Reuters) - Webster Ltd (WBA) : Entered into an...

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    21/06/17
    20:45
    Post #: 25415529

    June 21 (Reuters) - Webster Ltd (WBA) :

    • Entered into an agreement with commonwealth government
    • Total consideration payable to Webster by completion of transaction is $78 million
    • Deal to decommission lake Tandou irrigation system and sell Tandou's lower darling irrigation water entitlements associated with property south of Menindee
    • Expects to record net profit on disposal in order of $36 million to $37 million, reported in financial results for 15-month period ending 30 Sept 2017
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