Signed & Sealed

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

The government sold off its holding in Sri Lanka Insurance Corp. to the Distilleries consortium for Rs. 6.05 bn. The new owners plan to list SLIC in two-years, to pave the way for the Dutch ING Group to take up an equity stake. A four-member team from ING, has started work to give SLIC a facelift, in key areas like re-insurance, product development, actuarial services and IT.rn

rnBelow is a list of LBO Reports on SLICs restructuring and other related articles. rn
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