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BRIEF-Webster enters into agreement with commonwealth government
June 21, 2017 / 10:40 AM / 2 months ago

BRIEF-Webster enters into agreement with commonwealth government

June 21 (Reuters) - Webster Ltd:

* Entered into an agreement with commonwealth government

* Total consideration payable to Webster by completion of transaction is $78 million

* Deal to decommission lake Tandou irrigation system and sell Tandou's lower darling irrigation water entitlements associated with property south of Menindee

* Expects to record net profit on disposal in order of $36 million to $37 million, reported in financial results for 15-month period ending 30 Sept 2017 Source text for Eikon: Further company coverage:

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