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Sri Lanka’s Keells Food to acquire D&W Foods
date:Jun 27, 2012
The acquisition includes DW Foods' production facility at Makundara Industrial Estate West, Pannala, Sri Lanka.
The company, which is a part of John Keells, plans to fund the acquisition and improvements entirely through a rights issue.
It plans to issue 17 million shares at LKR60 ($0.44) per share through a 2-for-1 rights, and raise LKR1.02bn ($7.64m).
DW Foods is a Sri Lanka-Belgium joint venture company that was established for contract manufacturing and export of sausages and other processed

12/22 07:42