May 11 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* FINAL REGULATORY APPROVAL FOR DIVESTMENT OF CBA'S 80% EQUITY INTEREST IN ITS INDONESIAN LIFE INSURANCE BUSINESS RECEIVED
* TRANSACTION IS EXPECTED TO COMPLETE IN JUNE 2020
* ON COMPLETION, PT BANK COMMONWEALTH WILL ENTER INTO 15-YEAR DISTRIBUTION PARTNERSHIP WITH FWD GROUP FOR PROVISION OF LIFE INSURANCE PRODUCTS
* COMPLETION OF DIVESTMENT EXPECTED TO RESULT IN PRO FORMA UPLIFT TO CBA'S CET1 (LEVEL 2) CAPITAL RATIO OF 7 BASIS POINTS, BASED ON 31 DEC NUMBERS