Culture Financial Holdings Ltd acquired 742,156,249 ordinary shares in Union Bank of Colombo PLC representing 68% of the voting rights of Union Bank for rupees 15.30 per share through a private placement.
Accordingly, Culture presently holds a total of 742,156,249 ordinary shares in Union Bank with 68% of the voting rights of Union Bank.
Established in 1995, as the eighthth indigenous Bank, Union Bank is positioned to be the preferred Bank for the Small and Medium Enterprises and Retail sectors in Sri Lanka. As one of Sri Lanka’s fastest growing Banks, Union Bank offers its preferred customer segments a range of comprehensive financial solutions to support the development and growth of these sectors. Known for its strong shareholder strength which includes high caliber local and foreign investors, financial stability, innovative range of technology-driven products, supported by superior service delivery enables Union Bank to forge ahead as a key player in the Banking industry in Sri Lanka.
The largest US based investment company TPG and its most recent Asia-focused investment fund TPG Asia VI, L.P and its related entities indirectly hold a 100% equity interest in Cultural Financial Holdings Ltd. through TPG Asia VI SF Pte. Ltd.
www.dailynews.lk
Established in 1995, as the eighthth indigenous Bank, Union Bank is positioned to be the preferred Bank for the Small and Medium Enterprises and Retail sectors in Sri Lanka. As one of Sri Lanka’s fastest growing Banks, Union Bank offers its preferred customer segments a range of comprehensive financial solutions to support the development and growth of these sectors. Known for its strong shareholder strength which includes high caliber local and foreign investors, financial stability, innovative range of technology-driven products, supported by superior service delivery enables Union Bank to forge ahead as a key player in the Banking industry in Sri Lanka.
The largest US based investment company TPG and its most recent Asia-focused investment fund TPG Asia VI, L.P and its related entities indirectly hold a 100% equity interest in Cultural Financial Holdings Ltd. through TPG Asia VI SF Pte. Ltd.
www.dailynews.lk
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