Australia's CBA in talks to sell Fiji businesses

Wed Jun 24, 2009 8:28pm EDT
 
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SYDNEY, June 25 (Reuters) - Commonwealth Bank of Australia Ltd (CBA.AX) (CBA), Australia's No. 3 lender, is in talks with Bank of South Pacific (BSP) on the potential sale of its banking and insurance businesses in Fiji, CBA said in a statement on Thursday.

"BSP has made an indicative non-binding offer and is about commence due diligence," the statement added. ($1=A$1.25) (Reporting by Denny Thomas)

 

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