SYDNEY–(BUSINESS WIRE)– Commonwealth Bank of Australia (CBA) today announced it has entered into an agreement to sell a 55% interest in Colonial First State (CFS) to KKR, a global investment firm with US$207 billion of assets under management as at 31 March 2020. The transaction implies a total valuation for CFS on a 100% basis of $3.3 billion,1 which will result in CBA receiving cash …
