Tag: Sri Lanka’s Laugfs acquired 69 pct of a Bangladesh plant

laugfs lpg

Sri Lanka’s Laugfs acquires 69 pct of Bangladesh LPG plant, eyes Asian markets

Oct 12, 2015 (LBO) – Sri Lanka’s Laugfs Gas plc acquired 1.8 million ordinary shares, or 69 percent of the total issued shares, in Petredec Elpiji Limited, a company incorporated in Bangladesh for a purchase consideration of 18.75 million US dollars. “We see tremendous potential for expanding LPG as a domestic and commercial energy source […]