July 2 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* COMPLETION OF NEW ZEALAND LIFE INSURANCE DIVESTMENT
* COMMONWEALTH BANK OF AUSTRALIA ANNOUNCES COMPLETION OF SALE OF CO'S LIFE INSURANCE BUSINESS IN NEW ZEALAND TO AIA GROUP LIMITED
* SEES PROCEEDS OF $1.275 BILLION TO UPLIFT GROUP'S COMMON EQUITY TIER 1 RATIO OF 28 BASIS POINTS ON APRA BASIS