BRIEF-CBA To Sell 5.54% Stake in Bank of Hangzhou For A$940 Mln

Reuters2025-01-24
BRIEF-CBA To Sell 5.54% Stake in Bank of Hangzhou For A$940 Mln

Jan 24 (Reuters) - Commonwealth Bank of Australia CBA.AX:

  • CBA - TOTAL GROSS PROCEEDS EXPECTED TO BE RECEIVED BY CBA FROM TRANSACTION ARE APPROXIMATELY A$940 MILLION

  • CBA AGREES TO SELL RESIDUAL SHAREHOLDING IN BANK OF HANGZHOU-CBA.AX

  • CBA - PROCEEDS EXPECTED TO BE RECEIVED BY CBA FROM TRANSACTION A$940 MILLION

  • CBA - TOTAL GROSS PROCEEDS EXPECTED TO BE RECEIVED BY CBA FROM TRANSACTION ARE A$940 MILLION.

  • CBA - TRANSACTION EXPECTED TO DELIVER PRO FORMA UPLIFT TO GROUP'S CET1 RATIO OF 18 BASIS POINTS

Further company coverage: CBA.AX

((Reuters.Briefs@thomsonreuters.com;))

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