Ambeon Capital brings down nearly 30 fund managers from Germany

Friday, 29 November 2024 02:10 - - {{hitsCtrl.values.hits}}

Nearly 30 fund managers from Germany are in Sri Lanka on a first of its kind fact finding and familiarisation visit on an invitation from Amebon Capital PLC (ACP). The delegation on a four-day tour is assessing prospects for list and private equity investments as well as Greenfield Foreign Direct Investments. With Euro 27 billion of Assets Under Management, NFS Netfonds has brought down some of its top performers to Sri Lanka. Yesterday the delegation had a close meeting with Central Bank Governor Dr. Nandalal Weerasinghe whilst during their stay they will be meeting select institutions with high potential for investments.

NFS Netfonds Managing Director Christian Hammer told the Daily FT that German investors are looking for new frontiers of investments and Sri Lanka is one of the highly attractive options post elections, election of NPP via a strong people’s mandate and due to the continuity of the IMF program as well as opportunities arising from the fast growing Indian economy. Amebon Capital which has interest in footwear, manufacturing porcelain, investments, property, financial services and IT and related services has hit the headlines with aggressive acquisition in the banking sector with 9% stakes in DFCC and Seylan banks and some of the fund managers are excited about the prospects in the financial sector along with tourism and IT.