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Sovereign Wealth Funds Briefing - Categorized | Investment

Telstra separation plan may hurt investors, Fund says

Posted on 06 October 2009

From Bloomberg: Melbourne-based Australian Foundation has equity holdings in Telstra worth about A$4.6 billion ($4 billion). It is the biggest holder of Telstra stock behind the government-owned Future Fund which has a 10.86 percent stake.
Telstra Corp.’s split being proposed by the government may not be in the best interests of investors, the nation’s biggest publicly traded equity manager said……………….Full Article: Source

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