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Ambeon strengthens portfolio through strategic investments in hospitality sector
Daily FT
|August 22, 2025
Strengthens growth strategy through near Rs. 900 m worth equity stakes in iconic Sri Lankan hotel companies The Kandy Hotels Company and Ceylon Hotels Corporation
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AMBEON Group, one of Sri Lanka's leading diversified conglomerates, yesterday announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in the country's tourism revival and long-term growth potential.
The targeted shareholding stakes were executed through Ambeon’s two flagship listed entities; Ambeon Capital PLC and its main subsidiary Ambeon Holdings PLC.
Ambeon Capital PLC acquired 12.3 million shares of Ceylon Hotels Corporation PLC, representing 6.84% of its issued capital for Rs. 320 million, while Ambeon Holdings PLC acquired 45.9 million shares of The Kandy Hotels Company PLC, representing 6.09% of its issued capital, for Rs. 550 million.
Dit verhaal komt uit de August 22, 2025-editie van Daily FT.
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