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Dhammika adds LAUGFS to his growing business empire
Daily FT
|September 08, 2025
BUSINESS leader Dhammika Perera is set to add diversified, unlisted LAUGFS Holdings Ltd., to his fast-expanding business empire.
The acquisition is via Dhammika’s latest investment holding Vallibel 3, which will maximise opportunities for 50:50 partnerships with companies which are professionally managed.
The Daily FT learns that an understanding has been reached between Dhammika and LAUGFS Chairman and Co-Founder W.K.H. Wegapitiya for the 50:50 partnership. Hitherto, Dhammika pursued a strategy of acquiring 51% or more control in entities but is now open to 50% stake partnerships with well-managed and high-potential Groups of Companies.
Whilst 40% stake has been acquired from LAUGFS’ other Co-Founder and Deputy Chairman Thilak De Silva, the balance 10% is pending. Once completed, the two companies are to make a formal disclosure on the price and other details. Wegapitiya described Dhammika’s entry as collaboration and not hostile, as both share common origins and reflect the spirit of Sri Lankan entrepreneurship.
Denne historien er fra September 08, 2025-utgaven av Daily FT.
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