John Keells Hotels PLC has entered into an agreement to divest its controlling stake in the company that owns the well-known Cinnamon Citadel in Kandy. In a disclosure to the Colombo Stock Exchange, John Keells Hotels PLC said it has signed a binding agreement with Lavendish Leisure, the hospitality arm of the Dedigama Group, to divest...
In a disclosure to the , said it has signed a binding agreement with , the hospitality arm of the , to divest its entire shareholding in (KWIL). The transaction involves the sale of 98.39% of KWIL's issued share capital for a total consideration of Rs. KWIL is the owning company of the Cinnamon Citadel hotel located in Kandy.
Summarised from Ada Derana Biz
People- John Keells Hotels2
- Lavendish Leisure2
- Cinnamon Citadel2
- ECONOMYNEXT - John Keells Hotels
- Divest Cinnamon Citadel
- John Keells Hotels PLC
- Kandy Walk Inn Limited
- John Keells Holdings
Organisations- Cinnamon Citadel2
- Dedigama Group2
- Colombo Stock Exchange
- John Keells Hotels PLC
- Cinnamon
- KWIL
Keywords- branding
- maintain
- billion
- sells
- deal
- rs2
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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