- Last Update 2025-06-20 19:57:00
LSEG sells MillenniumIT Enterprise business to Lanka Century Investments
Lanka Century Investments, a Sri Lankan conglomerate, has acquired a unit of MillenniumIT from the London Stock Exchange in an acquisition that caught the market by surprise as it closes for the year 2017. The announcement was made on Thursday to the Colombo Stock Exchange. There was no information on the cost or value of the transaction.
Under the terms of the agreement, Lanka Century Investments (LCI) will acquire 100 per cent control of MillenniumIT ESP from the London Stock Exchange (LSEG) with management and shareholding control. However LSEG will retain full ownership of MillenniumIT Software, the trading technology and software development component of the business.
Also as part of the agreement, LCI will enter into a wider ownership plan with the employees of MillenniumIT ESP giving them an equity stake and enabling them to play a significant role in shaping the company’s future as owner managers. - ENDS -
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- June 12, 2025 - 455 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 11, 2025 - 165 - 0
Customs seize Rs. 119 Mn worth of cigarettes and whisky hidden in furniture shipment
In a major detection at the Ceylon Shipping Lines (CSL) warehouse in Colombo 09, Sri Lanka Customs officers uncovered a large consignment of contraband cigarettes and whisky concealed within a shipment declared as household furniture and personal goods.
- June 12, 2025 - 153 - 0
Sri Lanka condoles with families of victims of Air India crash
Sri Lanka shared its condolences with bereaved family members of the victims of the Air crash in India today.
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