Change in ownership structure at ODEL
Parkson Retail Asia to buy 41.8 % stake for Rs
1.424 b triggering mandatory offer; Rights issue of 1 for 1 to
follow ODEL PLC today announced a significant change of ownership,
with Parkson Retail Asia Limited (PRAL.SI) agreeing to purchase a
41.82 percent stake in the company for Rs 1.424 billion.
Fitch affirms Commercial Bank of Ceylon at 'AA(lka)'/stable
Fitch Ratings Lanka has affirmed Commercial Bank
of Ceylon PLC's (CB) National Long-Term rating at 'AA(lka)' with a
stable outlook. The agency has also affirmed CB's subordinated
debentures at 'AA-(lka)'.
Dutch investors keen on investing in Lanka
Dutch investors are looking forward to enhance
bi-lateral links and investment opportunities in tourism, agrofood
production, dredging, horticulture, water, energy and logistics
sectors in Sri Lanka.