CBA announces that it will be pursuing an Initial Public Offering (IPO) of our business on the Australian Securities Exchange by the end of calendar year 2018 - subject to market conditions and necessary approvals.
Tuesday, 17 April 2018 (Sydney): Commonwealth Bank of Australia has concluded the strategic review of its global investment management business, Colonial First State Global Asset Management ("CFSGAM"). The review, announced in September 2017, considered a range of options. In making our assessment, we examined long-term Commonwealth Bank shareholder value and also considered the ability of CFSGAM to serve the interests of its clients, attract and retain key personnel and better grow its business.
