News: CUP Commonwealth Bank Of Australia Announces Divestment Of Count Financial

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    June 13 (Reuters) - Commonwealth Bank Of Australia (CBA) :

    • CBA ANNOUNCES DIVESTMENT OF COUNT FINANCIAL
    • DEAL FOR $2.5 MILLION
    • TO SELL COUNT FINANCIAL LIMITED TO COUNTPLUS LIMITED FOR $2.5 MILLION
    • CBA WILL PROVIDE AN INDEMNITY TO COUNTPLUS OF $200 MILLION
    • TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON GROUP'S NET PROFIT AFTER TAX.
    • TRANSACTION WILL RESULT IN CBA EXITING A BUSINESS THAT, IN FY19, IS ESTIMATED TO INCUR A POST-TAX LOSS OF APPROXIMATELY $13 MILLION
 
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Last
$1.08
Change
0.015(1.41%)
Mkt cap ! $182.8M
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Price($) Vol. No.
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