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News: CBA CBA Invests Further US$200 Mln In Klarna Group

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    Jan 30 (Reuters) - Commonwealth Bank of Australia (CBA) :

    • KLARNA LAUNCHES IN AUSTRALIA
    • CBA AND KLARNA WILL JOINTLY FUND AND HAVE 50:50 OWNERSHIP RIGHTS TO KLARNA'S AUSTRALIAN AND NEW ZEALAND BUSINESS
    • AFTER AN INITIAL INVESTMENT OF US$100 MILLION, CBA HAS INVESTED A FURTHER US$200 MILLION IN KLARNA GROUP AT SAME VALUATION
    • US$300 MILLION TOTAL INVESTMENT BRINGS CBA'S SHAREHOLDING IN KLARNA GROUP TO 5.5% FROM ITS INITIAL 1.8% STAKE
 
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