Sri Lanka Commercial Bank 9.8-pct voting stock sold to foreign buyer
June 02, 2010 (LBO) - A 9.8 percent slice of Sri Lanka's Commercial Bank of Ceylon was sold by 30 percent shareholder DFCC Bank to a foreign buyer for 5.8 billion rupees, brokers said.
The Colombo Stock Exchange halted trading in DFCC Bank stock soon after the trade pending an announcement from the bank.
DFCC owns 30 percent of Commercial Bank.
The 9.988 percent stake in Commercial Bank falls short of the 10 percent regulatory limit on bank shareholding set by the regulator.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment