Management control and a 40% stake in the state supermarket chain - Sathosa was taken over by a consortium led by Ceylon Biscuits. Richard Pieris, Ceylon Biscuits and Lion Breweries paid Rs.
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680 mn to win the deal, beating rivals Cargills and other bidders. The operation was handed over in late Nov.
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to the consortium and will be managed by its subsidiary International Grocers Association.rn
rnBelow is a list of LBO Reports on the CWE restructuring and other related articles. .
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rnrn rn ab ab ab ab ab ab ab ab ab ab ab ab ab ab ab By Shafraz Farookrn ab ab ab ab ab ab ab ab ab ab ab ab ab ab ab
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