Future Fund earns A$9.37bn on Telstra holdings

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AUSTRALIA - The Future Fund has completed its sell-off of telecommunications company Telstra and said it earned A$9.37bn ($9.8bn) through dividends and share sales since the government transferred the shares to the fund in 2007.

The Australian government transferred a stake worth $9.21bn to the Future Fund mainly through the transfer of 2.1 billion shares. The A$75.15bn Future fund now holds only 0.8%, or about 100 mill...

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