This was published 3 years ago
Telstra offloads final stake in Autohome for $282 million
Telstra has offloaded its 6.5 per cent stake in Autohome for $US217 million ($282 million), ending its association with the Chinese car classifieds business.
Telstra said Ping An Insurance Group paid $US29.30 a share for the stake - in line with Autohome's volume weighted average price over the past 60 days.
Telstra said Ping An Insurance Group paid $US29.30 a share for the stake.Credit:James Davies
Ping An Insurance Group had already paid Telstra $US1.6 billion in April 2016 for a 47.4 per cent stake in Autohome.
AAP
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