Tag: Acquisition in CSE
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Browns Investment Acquires Excel Global Holdings (Pvt) Ltd.
25th July 2011, the Brown & Company PLC announced to Colombo Stock Exchange the Browns Investment Limited, which is a subsidiary of Brown & Company PLC has purchased 100% of Excel Global Holdings (Pvt) Limited Shares at the Consideration of Rs.875 Million.
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Union Bank Acquire a Controlling interest of The Finance and Guarantee Ltd.
12th July 2011, the Union Bank announced to Colombo Stock Exchange the Monetary board of Central Bank of Srilanka has granted approval to invest Rs.600 Million to acquire a Controlling interest in The Finance and Guarantee Ltd.
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Softlogic Holdings Limited Acquires Asian Alliance Insurance PLC
Today 12th July 2011, the Softlogic Holdings Limited Board of Directors made announcement, that Softlogic Holdings acquire 73.53% of issued share capital of Asian Alliance Insurance PLC at the consideration of Rs.3, 308,929,920.00.
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Panasian Power PLC MOU with Padiyapelella Hydro Power (Pvt) Ltd.
13th June 2011, the Panasian Power PLC announced to Colombo Stock Exchange that company has signed a Memorandum of Understanding (MOU) with Padiyapelella Hydro Power (Pvt) Ltd for the acquisition of their entire shares. Padiyapelella Hydro Power (Pvt) Ltd is presently owns 2 Mini Hydro Power Projects in Padiyapelella in the central province.
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ASCOT Holdings PLC has increased stake in ASCOT Developments (Pvt) Ltd.
2nd June 2011, the ASCOT Holdings PLC informed the company has increased its stake in ASCOT Developments (Pvt) Ltd by 24% for consideration of Rs.105.350 Million. The current stake of ASCOT Holdings PLC in ASCOT Developments (Pvt) Ltd is 85.8%. Source: http://www.cse.lk/cmt/upload_cse_announcements/9821307016786_.pdf