Australia's CBA sells 5% of its shares in Vietnam's VIB

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HANOI : Commonwealth Bank of Australia said it has sold around 5 per cent of its shares in Vietnam International Commercial Joint Stock Bank, as part of its strategy to focus on its businesses in Australia and New Zealand.

CBA, Australia's largest lender, held 19.

Total gross proceeds to CBA from the transaction are approximately A$160 million ($109.49 million), the statement added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaNew ZealandVietnam

Topics: Vietnam Held Shares Cent According Commonwealth Australia June Transaction Shareholders Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 18:27:31 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22694991

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