Access Engineering to buy 80% stake in Access Projects for Rs. 1 b
Access Engineering Plc (AEL) said yesterday it will acquire an 80% stake in Access Projects Ltd., for Rs. 1 billion.
The stake will be purchased from Access International Ltd. (50%) and D.D. Srilath Ferdinando (30%). Access International Ltd. is 100% owned by AEL Chairman Sumal Perera.
Established in 23002, Access Projects Ltd. is a leading contractor in the leisure-related building industry.