Sunday Nov 16, 2025
Sunday Nov 16, 2025
Saturday, 27 September 2025 01:27 - - {{hitsCtrl.values.hits}}
LB Finance PLC (LBF) yesterday said that it would acquire a 65.6% stake in Associated Motor Finance Company PLC (AMF) for Rs. 3.7 billion.
AMF Deputy Chairman/Executive Director John Nalatha Dayawansa will sell a 39.95% stake and Imperial Import and Export Co. Ltd. owned by his family will sell an additional 26.65% stake in AML to LBF at Rs. 50 per share.
The company said in a statement that the Central Bank of Sri Lanka (CBSL) had directed the two companies to complete the merger before 31 March 2027.
