SiS International Holdings Acquires Majority Stake in Sri Lanka’s Gestetner of Ceylon Plc
Reuters
Oct 14
SiS International Holdings Acquires Majority Stake in Sri Lanka's Gestetner of Ceylon Plc
SiS International Holdings Limited has completed the acquisition of listed equity in Gestetner of Ceylon PLC, a Sri Lankan company engaged in the importation and supply of office automation products and after-sales service. Following the acquisition, Gestetner will become a non-wholly owned subsidiary of SiS International Holdings Limited. As part of the transaction, a mandatory offer will be made to remaining Gestetner shareholders to acquire their ordinary shares at LKR239.75 per share. The sellers, Gestetner, and their ultimate beneficial owners are independent third parties.
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