The Renuka Holding PLC acquires 61.78% the Shaw Wallace Marketing Ltd for a consideration of Rs. 368,000,000.00

The Shaw Wallace Marketing Ltd engage the distributions of Consumer goods of

• Captain
• Angler
• Plaza canned Fish
• Ranposha Cereal Mix
• Sun gold instant Drink Mixes
• Rainer’s Essences
• Ajinamoto
• Supermax
• Lockheed

By acquire the Shaw Wallace Marketing Ltd the Renuka Holding PLC becomes Sub Subsidiary of the following Shaw Wallace Marketing Ltd,

• Healthcare Products (Pvt) Ltd     –  Engage in Food manufacturing
• Shaw Wallace Service Ltd             – providing Management Services
• Shaw Lanka Tours (Pvt) Ltd.        – Travel Agents

The Acquisition does not inclusive of the Shaw Wallace & Hedges PLC who is an Investment Company.

The Acquisition was concluded today Wednesday 16^th March 2011 Whereby the Shaw Wallace Marketing Ltd becomes a Subsidiary of Renuka Holding PLC.

Source: http://www.cse.lk/cmt/upload_cse_announcements/811300272784_.pdf

Related Posts via Categories

• National Development Bank (NDB) Debenture issue is Oversubscribed
• Sri Lanka’s first pharma zone to open with US$ 10 million investment
• Car registrations down by 40%, three wheelers by 50% in 2017
• Investment in logistic projects in Muturajawela
• Avoid Cash or Cheques payment, and try SLIPS (Sri Lanka Inter-bank Payment System) by Central Bank
• Sri Lanka Economic Summit 2016 by The Ceylon Chamber of Commerce
• Mihin Lanka Losses accumulated Rs. 17 Billion by Now
• Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond
• New Terminal Building to construct for Bandaranaike International Airport
• University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake