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BRIEF-Telstra says co to sell 47.7 pct stake in Autohome

Published 15/04/2016, 07:24 pm
© Reuters.  BRIEF-Telstra says co to sell 47.7 pct stake in Autohome
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April 15 (Reuters) - Telstra Corporation Ltd TLS.AX :

* Telstra to sell 47.7 per cent stake in autohome TLS.AX

* Had entered into an agreement with Ping An Insurance Group

* Telstra will retain a 6.5 per cent interest in autohome after completing the transaction.

* Says expects to book an accounting gain on completion of the sale of approximately A$1.8 billion in second half of FY 2016

* Says sale price of US$29.55 per share

* Deal for US$1.6 billion

* Source text for Eikon ID:nASX2QGPlB

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