Lanka Century Investments, a Sri Lankan conglomerate, has acquired a unit of MillenniumIT from the London Stock Exchange in an acquisition that caught the market by surprise as it closes for the year 2017. The announcement was made on Thursday to the Colombo Stock Exchange. There was no information on the cost or value of the transaction.
Under the terms of the agreement, Lanka Century Investments (LCI) will acquire 100 per cent control of MillenniumIT ESP from the London Stock Exchange (LSEG) with management and shareholding control. However LSEG will retain full ownership of MillenniumIT Software, the trading technology and software development component of the business.
Also as part of the agreement, LCI will enter into a wider ownership plan with the employees of MillenniumIT ESP giving them an equity stake and enabling them to play a significant role in shaping the company’s future as owner managers. - ENDS -
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
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Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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