Commonwealth Bank (ASX:CBA) completes sale of CommInsure to AIA Australia

  • Home
  • Company News
  • Commonwealth Bank (ASX:CBA) completes sale of CommInsure to AIA Australia
03Apr

Commonwealth Bank (ASX:CBA) completes sale of CommInsure to AIA Australia

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/338241/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2021/Headlines04_360_210401.jpg’]

 

Commonwealth Bank (ASX:CBA) has completed the sale of its Australian life insurance business, CommInsure Life to AIA Australia.

The bank received approximately $2.4 billion for the sale including the final installment of $100 million.

The sale follows the company looking to focus on their consumer banking business.

Shares in Commonwealth Bank (ASX:CBA) are trading 0.3 per cent lower at $85.83.

Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

02Sep

Stocks of the Hour: Arrow Minerals, Tamboran Resources, Dreadnought Resources

30 Aug 2023 - A snapshot of the stocks on the move, featuring Arrow Minerals (ASX:AMD), Tamboran Resources (ASX:TBN) and Dreadnought Resources (ASX:DRE).

Read More
31Jul

Hot Stocks: Wildcat Resources, Island Pharmaceuticals, Metal Hawk

31 July 2025 - A look at some of the companies making the news this morning.

Read More
10Apr

Electro Optic Systems (ASX:EOS) invents new solution to space pollution

09 Apr 2021 - Space and defense innovator Electro Optic Systems (ASX:EOS) has invented a ground-breaking means to combat space pollution and solve the space debris conundrum.

Read More
21Oct

Cromwell (ASX:CMW) appoints two new directors

21 Oct 2019 - Cromwell Property Group (ASX:CMW) has elected two new directors to the board.

Read More
09Mar

Nuheara (ASX:NUH) receives US FDA registration for a new hearing aid

09 Mar 2021 - Nuheara (ASX:NUH) has received US Food and Drug Administration establishment registration for a medical device listing of a new hearing aid, IQbuds² PRO.

Read More
02Feb

Stocks of the Hour: Chariot Corporation, WA1 Resources, Carnaby Resources

02 Feb 2024 - A snapshot of the stocks on the move, featuring Chariot Corporation (ASX:CC9), WA1 Resources (ASX: WA1) and Carnaby Resources (ASX:CNB).

Read More
30Mar

Macmahon Holdings (ASX:MAH) selected to provide services to Anglo American’s mine

30 Mar 2021 - Macmahon Holdings (ASX:MAH) has been selected to provide surface mining services for Anglo American’s Dawson Mine in Queensland at the Dawson South operations, from July 2021.

Read More
06Jan

Aeris Resources (ASX:AIS) reports 260% increase in gold ounces

06 Jan 2021 - Copper-gold producer and explorer, Aeris Resources (ASX:AIS) reports a 260 per cent increase in gold ounces to 26 thousand ounces at their Rose Pride deposit in Queensland.

Read More
30Jan

Nearmap (ASX:NEA) slashes guidance

30 Jan 2020 - Aerial imagery technology and location data company Nearmap (ASX:NEA) reports that its annualised contract value (ACV) grew by 23 per cent on the prior corresponding period to $96.6 million during the first half of FY 2020.

Read More
15Sep

Virgin Australia to buy back Velocity stake from Affinity

16 Sep 2019 - Virgin Australia (ASX:VAH) today confirmed that it has entered into a term sheet with Affinity to buy back its 35 per cent investment in the Velocity Frequent Flyer program for $700 million.

Read More