The divestment is expected to complete in early August 2019.
The final sale proceeds are currently expected to be $4.2 billion, subject to completion adjustments.
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Close25 July 2019
Commonwealth Bank of Australia (CBA) today announced all regulatory approvals have been received for the divestment of CBA’s global asset management business, Colonial First State Global Asset Management (CFSGAM) to Mitsubishi UFJ Trust and Banking Corporation.