Future Fund sells 34% of its Telstra holding
Posted on 08/20/2009
Press Release states, “The Future Fund Board of Guardians (the Board) has sold 684.4 million Telstra shares at a price of $3.47 (gross proceeds $2.37 billion) through an underwritten sale to institutional investors. The sell-down is in line with the Board’s previously stated plan to reduce the portfolio’s holding in Telstra in an orderly manner […]
