Pls refer the quoted LBO News Article ....
Experts pls educate if am wrong ..NBD is the most benifited party in this deal and its shares dropped troday to 145 Levels ...why is that ?
Quote from LBO ..
Full control Aviva NDB Wealth Management, will go to NDB group, but it will have 20 year contract to manage funds of the insurer.
Separately Aviva NDB Insurance said in a Colombo Stock Exchange filing AIA will pay 109 million US dollars for control of the insurer and its fund management unit.
After change of ownership the new firm will be re-named as AIA, the statement said.
Un quote ...
Isnt it worth to collect NDB shares at 145 -150 Levels ?