Softlogic says no deal on MILCO land in Sri Lanka capital

COLOMBO (EconomyNext) – Sri Lanka’s Softlogic Holdings Plc, a listed company said it had not entered into a formal agreement over land belonging to a state dairy firm.

The company said it expressed interest in land in Colombo’s Narahenpita district belonging to state-run MILCO along with several others, but it had not been given further information about the application.

The firm denied it had entered into any "formal agreement with Sri Lanka’s Board of Investment over the land" despite media reports.

On Saturday Prime Minister Ranil Wickramasinghe said the land will be taken back.

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