The Cargills Group this week finally wrapped up an Rs 1.4 billion deal to buy the assets and business of local, long-standing brewer Three Coins, announcing the transaction in the Colombo stockmarket after a near six months of ‘see-saw’ negotiations in a process that saw other buyers in the fray.
Union Bank Ltd (UBL), which scored a double whammy this week by announcing its intention to go public by March end while acquiring a majority stake in Distilleries Company subsidiary, National Asset Management Ltd (NAMAL) is planning a country fund, UBL officials said.
