ECONOMYNEXT – Sri Lanka’s L B Finance PLC has made a voluntary offer to buy 113,327,268 ordinary voting shares of Associated Motor Finance PLC, it said in a stock exchange filing. This constitutes 100 percent of AML’s issued share capital. L B Finance is offering to buy a share at 50 rupees a piece. “John Paulu Irugalbandarage Nalatha Dayawansa, the holder of 45,273,864 shares in AMF constituting 39.95%, & Imperial Import & Export Company (Pvt)Ltd, the holder of 29,067,696 shares constituting 25.65%, have agreed to accept our offer in full,” L B Finance said. The offer has been approved by…
Sri Lanka’s L B Finance offers to buy all shares of Associated Motor Finance
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