BRIEF-Telus says Baring Private Equity Asia to buy 35 pct Stake in TELUS International

Thu May 5, 2016 6:25am EDT
 
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May 5 (Reuters) - Telus Corp

* Agreement values telus international at cad1.2 billion

* Intends to retain a long-term majority ownership position in telus international

* According to agreement telus, corporation shareholders retaining a 65 per cent interest in business

* Rothschild acted as sole financial advisor to telus for transaction

* Proceeds of approximately cad600 million from this transaction will be put to work on telus' long-term strategy

* Telus announces baring private equity asia to acquire 35 per cent stake in telus international

* Telus announces baring private equity asia to acquire 35 per cent stake in telus international

* Telus intends to retain a long-term majority ownership position in telus international Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)