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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » TPG Capital to buy 75% take of Union Bank

TPG Capital to buy 75% take of Union Bank

+4
NZ BOY
kethees
econ
DealKing
8 posters

Go down  Message [Page 1 of 1]

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

US based TPG Capital will buy nealry 75% stake of Union Bank via a private placement and acquisition of shares from the market trades.

Accordingly theshare capital of UBC will be increased since 50% bank will be acquired by private placement of new shares whilst exisitng strategic investors such as Indrajit Alexis Lovel will not sell his shares and other directors will also not sell their shares.

Further TPG will buy the remaining 25% from exisiting public shareholders from the market.
The Deal will be done at Rs.25 per share according to Union Bank insiders.

Await the announcement at Colombo Stock Exchange.

econ

econ
Global Moderator

is this reliable news?

kethees


Equity Analytic
Equity Analytic

Another promotion- bullshit

NZ BOY

NZ BOY
Moderator
Moderator

Question 

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kethees wrote:Another promotion- bullshit

Not a promotion this is truth, wait and see how the announcement comes on Colombo Stock Exchange.

If you see many of my posts that has revealed lots of good insights last few weeks.

Eng Krishantha

Eng Krishantha
Expert
Expert

Very Happy Very Happy Very Happy Very Happy 

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

DealKing wrote:
kethees wrote:Another promotion- bullshit

Not a promotion this is truth, wait and see how the announcement comes on Colombo Stock Exchange.

If you see many of my posts that has revealed lots of good insights last few weeks.

what do you think of cifl, sfl, vfin and cdb?

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Deal king what happen to 10/=, u kept it as commission per share, see how u spoiled or stuck innocent retailers money

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Wait and see SEC and CSE has to reccoment Alex to buy 7% of 75% at Rs.25 per share.I called SEC last evening and lodged a complain.

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics

Hope justice will be done to share holders of UBC.

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