Sri Lanka’s CIC buys specialty fertilizer firm for Rs.238Mn

Colombo-Stock-Exchange

Oct 17, 2017 (LBO) – Sri Lanka’s CIC Holdings, a subsidiary of CIC Holdings said it acquired a 70 percent stake in  Unipower (Pvt) Limited, a firm that specializes fertilizers.

“CIC Holdings brought 376,600 shares of Unipower (Pvt) Limited at Rs. 632.17 a share,” the company said in a stock exchange filling.

“The total investment amounts to Rs. 238 million.”