CBA commonwealth bank of australia.

May 13 (Reuters) - Commonwealth Bank of Australia (CBA) : CBA -...

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    May 13 (Reuters) - Commonwealth Bank of Australia (CBA) :

    • CBA - ANNOUNCES AGREEMENT TO SELL 55% STAKE IN COLONIAL FIRST STATE TO KKR
    • CBA - TRANSACTION IMPLIES A TOTAL VALUATION FOR CFS ON A 100% BASIS OF $3.3 BILLION
    • CBA - WILL RESULT IN CBA RECEIVING CASH PROCEEDS OF APPROXIMATELY $1.7 BILLION FROM KKR
    • CBA- CBA AND KKR INTEND TO UNDERTAKE A SIGNIFICANT INVESTMENT PROGRAM
    • CBA - TRANSACTION IS EXPECTED TO DELIVER AN INCREASE OF ABOUT $1.4-1.9 BILLION OF COMMON EQUITY TIER 1 CAPITAL
    • CBA- SALE PRICE ESTIMATED TO RESULT IN A POST-TAX GAIN ON SALE OF ABOUT $1.5 BILLION
    • CBA - COMPLETION IS EXPECTED TO OCCUR IN FIRST HALF OF CALENDAR YEAR 2021
    • CBA- TRANSACTION NOT EXPECTED TO HAVE ANY IMPACT ON ONGOING REMEDIATION ACTIVITIES THAT RELATE TO CFS

    https://www.asx.com.au/asxpdf/20200513/pdf/44hshcc1wb7166.pdf

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Last
$170.30
Change
-3.050(1.76%)
Mkt cap ! $284.9B
Open High Low Value Volume
$172.06 $172.78 $170.30 $370.3M 2.168M

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No. Vol. Price($)
7 5067 $170.30
 

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Price($) Vol. No.
$170.70 100 1
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