Softlogic to buy Suzuki Motors Lanka for Rs.250mn

Diversified conglomerate Softlogic Holdings yesterday said it had entered into a share sale and purchase agreement to fully acquire Suzuki Motors Lanka Limited a for a total consideration of Rs 250 million.
Suzuki Motors Limited is engaged in the distribution of Suzuki brand motor cycles and all-terrain vehicles and their spare parts and accessories under a distributorship arrangement with Suzuki Motor Corporation Japan.
Softlogic is the local agent for Ford and several other Chinese automotive brands.