Good evening,

Today marks the end of an era for Australian retail.

After 13 years, Wesfarmers' relationship with the country's second-largest retailer has just about finished.

The conglomerate on Wednesday evening sold a 5.2 per cent stake in Coles to investment banks UBS and Goldman Sachs for $1.1 billion.

Wesfarmers is now sitting on a sub-5 per cent stake - below the disclosure threshold - which it said it would hold onto for the next 60 days.

In other news, Street Talk can tonight reveal that Singtel is ready to sell its $2 billion-plus portfolio of Aussie telecommunications towers, owned by its local network operator Optus.

We unveil which bank has got the mandate and who will be taking a look at the assets.

Finally, we take a closer look at the regulators' emergency equity raising relief package that's due to be unveiled this week.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors