Credit: John Disney/ALM Media
The Commonwealth Bank of Australia announced last week it is selling a 55% interest in Colonial First State to KKR for A$1.7 billion (US$1.1 billion).
May 13, 2020 at 01:22 PM
1 minute read
Correspondent, Sydney
Herbert Smith Freehills is acting for the Commonwealth Bank of Australia in the sale of a half share of its wealth management unit to private equity giant KKR.
CBA announced last week it is selling a 55% interest in Colonial First State (CFS) to KKR for A$1.7 billion (US$1.1 billion).
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