Commonwealth Bank of Australia to sell 55% stake in Colonial First State to KKR
Commonwealth Bank of Australia (CBA) has signed a deal to sell a 55% stake in Australian wealth management group Colonial First State (CFS) to global investment firm KKR for about AUD 1.7 billion ($1.1 billion). Established in 1988, Colonial First State provides superannuation, investment, and retirement products to individuals and corporate and superannuation fund investors, […]