Royal Ceramics acquires 80% of Lanka Ceramic

06 May 2013 - {{hitsCtrl.values.hits}}

A consortium of investors led by Royal Ceramics has bought over 24 million shares amounting to 80 percent of Lanka Ceramic PLC held by
Ceylon Theatres Group at a price of Rs.120 per share.

According to Royal Ceramics Managing Director Nimal Perera who negotiated the deal, Royal Ceramic bought 21 million shares of Lanka Ceramics while ultimate parent of Royal Ceramic, Vallibel One PLC controlled by businessman Dhammika Perera bought 1 million shares.

And also, Nimal Perera and Lanka Ceramics Chairman Anthony Page—who is acting in concert in the deal—bought 1 million share parcels each.

According to Perera, the mandatory offer to purchase the remaining share will be given by the consortium consisting him, Royal Ceramics, Vallibel One and Anthony Page.

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Royal Ceramics acquires 80% of Lanka Ceramic

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