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Sri Lanka’s Asian Alliance stock to be bought by DEG, FMO

Dec 21, 2012 (LBO) - Germany's DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier are buying stock in Sri Lanka's Asian Alliance Insurance in a 1.

8 billion rupee deal. . Sri Lanka's Softlogic group said in a stock exchange filing that FMO will pay 7.


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78 million rupees to Softlogic Capital Plc to buy 60,796 shares and 904.2 million rupees to Softlogic Holdings Plc to buy 7.


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06 million shares in Asian Alliance.

DEG will pay 912 million rupees to buy 7.


1 million shares from Softlogic Capital Plc.

The two agencies will pay 1.82 billion rupees at 128 per share.

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Softlogic said the sale was conditional, without elaborating.

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