CBA sells Chinese bank stake for $1.8b as Asian retreat continues - Sydney Morning Herald


2/28/2022 12:00:00 AM3 years 2 months ago
by Clancy Yeates

The Commonwealth Bank is selling down one of its last major investments in Asia.

The Commonwealth Bank is selling down one of its last major investments in Asia, offloading a stake in the Chinese lender Bank of Hangzhou for $1.8 billion as it seeks to focus on Australia and New Z… [+2052 chars]

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