Sri Lankaâ€™s Cargills Bank to list in 2020
ECONOMYNEXT – Sri Lanka’s Cargills Bank, owned by the Cargills group, is to list on the Colombo stock exchange in 2020, the bank’s chairman Louis Page has said.
“The bank is working towards listing its shares in the CSE in 2020,” he said in the bank’s annual report for 2017 which was just released.
The largest shareholders of Cargills Bank Limited are Cargills (Ceylon) with a 39.71% stake and CT Holdings with 25.29%.
The Employees’ Provident Fund is the third largest shareholder with a 4.98% stake. About 26% of Cargills Bank shares are held by institutions.
(COLOMBO, April 18, 2018)