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Offshore groups most likely to buy Colonial First State

Richard Newell
Commonwealth Bank's plan to dispose of Colonial First State is part of an industry consolidation that means any buyer would almost certainly come from outside Australia.
Offshore groups most likely to buy Colonial First State

Commonwealth Bank of Australia's (CBA) plan to either sell or list its asset management division Colonial First State is likely to attract the attention of ambitious offshore asset managers wanting to bolster their international operations, say industry executives.

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