SDF confirms expressing interest on SLSB

Sarvodaya Development Finance PLC (SDF) yesterday confirmed it has expressed its interest in acquiring the Sri Lanka Savings Bank (SLSB) to the Ministry of Finance, Economic Stabilisation, and National Policies.

The confirmation follows the Colombo Stock Exchange halting trading of SDF shares pending a disclosure about the veracity of article published in Daily FT yesterday titled “Sarvodaya Development Finance proposes acquisition of Sri Lanka Savings Bank.”

In its filing to the CSE, SDF said its proposal was in line with the government announcement of divestment of state-owned enterprises in its efforts of economic reforms and restructuring.

“The discussions are currently at a very preliminary stage,”SDF added.