ECONOMYNEXT – Sri Lanka’s based Lanka Century Investments said it is buying100 percent control of MillenniumIT’ enterprise solutions business, from London Stock Exchange group.
The firm said it paid 392.40 rupees for 2.75 million shares.
London Stock Exchange will continue to own the securities trading and sofware development divisions of MIT.
MillenniumIT ESP provides IT services to Sri Lankan public and private companies, LCI said.
LCI is controlled by Navitas Holdings, Galle Face Hotel group Hrdramani group and Taprobane Holdings. (Colombo/Dec28/2017)