Oct 31 (Reuters) - Commonwealth Bank Of Australia CBA.AX :
* DIVESTMENT OF GLOBAL ASSET MANAGEMENT BUSINESS
* DEAL FOR $4.13 BILLION
* ESTIMATED TOTAL PROCEEDS IMPLY A POST-TAX GAIN ON SALE OF ABOUT $1.5 BILLION
* CFSGAM WILL NOT BE INCLUDED IN PREVIOUSLY ANNOUNCED DEMERGER OF CBA'S WEALTH MANAGEMENT AND MORTGAGE BROKING BUSINESSES
* ENTERED AGREEMENT TO SELL COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT TO MITSUBISHI UFJ TRUST AND BANKING CORPORATION
* TRANSACTION IS EXPECTED TO COMPLETE IN MID CALENDAR YEAR 2019
* UPON COMPLETION, TRANSACTION IS EXPECTED TO DELIVER AN INCREASE OF ABOUT $2.9 BILLION OF COMMON EQUITY TIER 1 (CET1) CAPITAL
* WILL ALSO CONTINUE TO BENEFIT FROM EARNINGS OF CFSGAM UNTIL COMPLETION OF TRANSACTION