Sri Lanka’s CIC buys Unipower specialised fertiliser firm

ECONOMYNEXT – Sri Lanka’s CIC Holdings, an agribusiness group, said it had bought control of Unipower (Pvt) Limited, a firm packing and selling specialised fertilisers.

A stock exchange filing said CIC Holdings about a 70% stake of Unipower or 376,600 shares at Rs632.17 a share. The total investment amounts to Rs238 million.

Unipower would now be a subsidiary of CIC Holdings.

(COLOMBO, October 16, 2017)

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