Clear Run

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006. The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006. Trading in Mercantile Leasing will be suspended from December 22, to push the merger and to allocate shares in NTB to the leasing firm’s shareholders.

Mercantile Leasing Limited told shareholders on Friday that they will be allocated two shares in NTB for every share they hold in the leasing operation after trading in its shares are halted.

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