Investment Chat

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Mar 05, 2014 (LBO) – Sri Lanka’s Union Bank is talks with a foreign investor, TGP Asia VI L.P, for a possible sale of shares, the firm said in a stock exchange filing. The bank said it had received a “non-binding indicative term sheet governing further negotiations” over a share sale from TGP Asia.

Any final agreement depends on conditions including, a satisfactory due diligence and gaining approvals, the bank said.

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