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Telstra sells Autohome to Ping An for A$2.1bn

Connectivity BusinessbyConnectivity Business
June 23, 2016
in Investments, Space Services
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Australian incumbent Telstra has completed the sale of a 47.4% stake in Chinese car sale website Autohome to China’s Ping An Insurance Group for A$2.1bn (US$1.6bn). Telstra expects to make an accounting gain of approximately A$1.8bn (US$1.37bn) on the sale. Australian incumbent Telstra (ASX:TSL) has completed the sale of a 47.4% stake in Chinese car sale website Autohome (NYSE:ATHM) to China’s Ping An Insurance Group (SHA:601318) for A$2.1bn […]

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Tags: Asia PacificAutohomeCBO TelecommunicationsFoxtelPing An Insurance GroupPremiumSan Miguel Corporation (SMC)TelstraTelstra Mining ServicesTF247
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