Lion Brewery buys 3Coins beer
View(s):Lion Brewery on Friday said that it is buying the beer business of the Cargills Group at a price of Rs. 5.15 billion.
In an announcement in the Colombo Stock Exchange, the Carsons Group said its subsidiary Lion Brewery (Ceylon) and Pearl Springs (part of Lion) have entered a Sale and Purchase Agreement with Cargills and Millers Brewery to purchase the shares and trademaks of Millers Brewery.
It said a separate disclosure would be made upon completion of the transaction. The Business Times last week reported that Cargills was looking for a buyer for its beer business.