28th October 2011, the Union Bank PLC announced to Colombo Stock Exchange that, the Union Bank Invested Rs.600 Million to Acquire 81.27% of the The Finance & Guarantee Company.
The Shorecap II has Acquire 18.63% of The Finance & Guarantee Company.
The Shorecap II Limited is International Private Equity Company that invests in financial institutions with Growth potentials to serve Micro and Small Enterprises. The Shorecap II has invested in 15 Small Business banks and Regulated Microfinance Institutions between 2003 to now.
The Union Bank PLC Expecting to the Growth potential with the international Organization to Improve the Performance if The Finance & Guarantee Company.