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Browns Investments expands plantation sector with another LKR 4.8 billion acquisition
The Island
|May 07, 2025
Browns Investments PLC (BIL), the investment arm of the LOLC Group, has announced a significant expansion of its plantation portfolio with the acquisition of FLMC Plantations (Pvt) Ltd (FLMC).
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The acquisition was completed on May 5, 2025, through a Share Sale and Purchase Agreement with Damro Manufacturing (Pvt) Ltd and Piyestra Furniture (Pvt) Ltd, for a total consideration of LKR 4.8 billion.
Dit verhaal komt uit de May 07, 2025-editie van The Island.
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