Business
ASX 200 up again on Wednesday 9 December 2020
The S&P/ASX 200 Index (ASX: XJO) went up 0.6% to 6,729 points today.
Here are some of the highlights from the ASX today:
Commonwealth Bank of Australia (ASX: CBA)
CBA announced an update about its divestments today.
The China Banking and Insurance Regulatory Commission (CBIRC) has granted approval for the divestment of CBA’s 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings.
The final sales proceeds expected to be received by CBA are $886 million. The divestment of the equity interest in BoCommLife is expected to be completed by 31 December 2020.
CBA also said that it has revised the calculation of non-cash gains and losses on the disposal of previously announced divestments including BoCommLife, CFS, CFSGAM,…
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