Melstacorp completes Spence acquisition

Melstacorp Ltd. yesterday completed the acquisition of control of Aitken Spence by buying the remaining 6% stake held by Distilleries.

Spence saw 24.7 million of its shares traded for Rs. 3.04 billion, accounting for 71.4% of the day’s turnover. The counter closed at Rs. 130, up by 50 cents after hitting a peak of Rs. 132.