TPG

TPG takes control of Sri Lanka’s Union Bank

TPG buys up to 75% of Union Bank of Colombo for $117m, Sri Lanka’s biggest ever private equity investment.

US private equity firm TPG is acquiring up to 75% of Union Bank of Colombo (UBC) for $117 million, the largest ever buy out in Sri Lanka and a vote of confidence in the island's economy as it emerges from 26 years of civil war. 

¬ Haymarket Media Limited. All rights reserved.

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