Monday, March 19, 2012

Sri Lanka Aitken Spence 5-pct stake bought by foreign investor

Mar 19, 2012 (LBO) - A five percents stake in Sri Lanka's Aitken Spence Plc was bought by a foreign buyer from the Employees' Provident Fund, a state-managed retirement fund of private citizens.

 The EPF sold 20.5 million shares to a foreign party an official said without elaborating.

 The deal was executed in three off-market deals totaling 2.36 billion rupees at 115 rupees.

The EPF on Friday sold 71 million shares in John Keells Holdings to Malaysia's Khazanah Nasional Berhard.

source - www.lbo.lk

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