April 1 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* RECEIVED FURTHER PROCEEDS OF ABOUT $865 MILLION UNDER REVISED TRANSACTION PATH FOR PLANNED DIVESTMENT OF CBA'S AUSTRALIAN LIFE INSURANCE BUSINESS
* PROCEEDS BRING AGGREGATE PROCEEDS RECEIVED TO DATE TO $1.6 BILLION
* PROCEEDS RESULT IN A PRO FORMA INCREASE TO GROUP'S CET 1 RATIO OF ABOUT 19 BASIS POINTS ON AN APRA BASIS AS AT 31 DEC 2019
* STEPS TOWARDS COMPLETION OF DIVESTMENT OF COMMINSURE LIFE CONTINUE TO BE PROGRESSED IN LINE WITH PREVIOUS ANNOUNCEMENTS