Commonwealth Bank Will Not Spin Off Funds Unit

Australia's Commonwealth Bank says it has no plans to follow rival Westpac and spin off its funds management arm in a stock market float. CBA owns Australia's largest fund manager, Colonial First State,....

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By: Lachlan Colquhoun
August 16, 2007
Australia's Commonwealth Bank says it has no plans to follow rival Westpac and spin off its funds management arm in a stock market float. CBA owns Australia's largest fund manager, Colonial First State,....