Nearly 30 fund managers from Germany are in Sri Lanka on a first of its kind fact finding and familiarisation visit on an invitation from Amebon Capital PLC (ACP). The delegation on a four-day tour is assessing prospects for list and private equity investments as well as Greenfield Foreign Direct Investments. With Euro 27 billion of Assets Under Management, NFS…

Ambeon Capital PLC, under new owners, last week acquired a 9% stake in DFCC Bank for Rs. 3.3 billion with the move described as “strategic and long-term.” On 13 November, the day before the General Election, 38.98 million shares of DFCC Bank traded at Rs. 85 per share via 9 crossings. Overall, 40.9 million shares traded for Rs. 3.4 billion…