Dec 9 (Reuters) - Commonwealth Bank of Australia (CBA) :
- UPDATE ON BOCOMMLIFE AND OTHER DIVESTMENTS
- CBIRC GRANTED APPROVAL FOR DIVESTMENT OF CBA'S 37.5% EQUITY INTEREST IN BOCOMMLIFE TO MS&AD INSURANCE GROUP HOLDINGS
- CBA SEES TOTAL INCREASE IN UNAUDITED POST-TAX STATUTORY EARNINGS RELATED TO COMPLETION OF BOCOMMLIFE & OTHER DIVESTMENTS EXPECTED AROUND $840 MILLION
- IMPACT OF DIVESTMENTS IS A PRO-FORMA UPLIFT TO GROUP'S COMMON EQUITY TIER 1 RATIO OF 29 BASIS POINTS
- ULTIMATE COMPLETION OF DIVESTMENT OF COMMINSURE LIFE NOW CURRENTLY EXPECTED TO OCCUR VIA STATUTORY ASSET TRANSFER IN H2 OF FY21
- CAPITAL IMPACT OF DIVESTMENTS TO UPLIFT GROUP'S CET1 RATIO BY 29 BASIS POINTS
- FINAL SALE PROCEEDS FROM SALE OF 37.5% STAKE IN BOCOMMLIFE EXPECTED TO BE $886 MILLION
News: CBA Commonwealth Bank Of Australia Update On Bocommlife And Other Divestments
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