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» හිඟයක් වැළැක්වීමට ලේ දන් දෙන්න: ජනතාව වෙත ඉල්ලීමක්
Yesterday at 7:12 pm by Ethical Trader

» බලාගෙනයි, 'ගුවනින් අසූචි'!
Yesterday at 7:10 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Yesterday at 11:51 am by Ethical Trader

» Dividend Announcement
Mon Jan 22, 2018 6:31 pm by Ethical Trader

» Laughter the Best Medicine
Fri Jan 19, 2018 5:03 pm by Ethical Trader

» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
Thu Jan 18, 2018 12:13 pm by Ethical Trader

» China offers best chance for SL development: CB
Thu Jan 18, 2018 9:27 am by කිත්සිරි ද සිල්වා

»  බැඳුම්කර වාර්තාව
Wed Jan 17, 2018 6:58 pm by කිත්සිරි ද සිල්වා

» "මිසයිල් අනතුරු ඇඟවීම වැරදි බොත්තමක් එබීමෙන්"
Tue Jan 16, 2018 1:19 pm by nihal123

» ඉන්දියාවේ ශ්‍රේෂ්ඨාධිකරණ විනිසුරුවෝ අගවිනිසුරුට එරෙහිව ප්‍රවෘත්ති සාකච්ඡාවක
Mon Jan 15, 2018 2:06 pm by Ethical Trader

» එක්කෝටි විසි ලක්ෂයකට අධික ළදරු කිරිපිටි ඇසුරුම් ආපසු කැඳවයි
Mon Jan 15, 2018 2:00 pm by Ethical Trader

» ට්‍රම්ප්ගේ "ජාතිවාදී" භාෂාව ගැන කෝපය පළ වේ
Sun Jan 14, 2018 5:32 pm by කිත්සිරි ද සිල්වා

» විශ්මිත නිර්මාණ එළිදැක්වූ ලෝකයේ විශාලතම තාක්ෂණික ප්‍රදර්ශනය
Sat Jan 13, 2018 12:12 pm by Ethical Trader

» CCTV මගින් රථවාහන දඩ: අත්හදා බැලීම පෙබරවාරියේ
Sat Jan 13, 2018 11:00 am by Ethical Trader

» Six-year term for President Sirisena: AG tells Supreme Court
Fri Jan 12, 2018 6:11 pm by Ethical Trader

» US revamps travel warning system; SL gets an okay
Fri Jan 12, 2018 6:09 pm by Ethical Trader

» Term of a Dictator
Fri Jan 12, 2018 6:02 pm by Ethical Trader

» නියම බුදු දහම
Fri Jan 12, 2018 2:44 pm by Ethical Trader

» මන්ත්‍රී විමල්ට අධිචෝදනා පත්‍ර භාර දුන්නේ ඇයි?
Thu Jan 11, 2018 5:31 pm by Ethical Trader

» SEYB.N0000 ( SEYLAN BANK PLC )
Thu Jan 11, 2018 5:25 pm by Ethical Trader

» 2008 -2014 බැඳුම්කර නිකුතු ගැන මහින්ද ප්‍රකාශයක් සිදු කළ යුතුයි - රනිල්
Thu Jan 11, 2018 12:00 pm by yellow knife

» ලෝකයේ රටවල් දෙකක මහා දේශගුණික වෙනස
Wed Jan 10, 2018 5:58 pm by Ethical Trader

» ඉතිහාසයේ පළමු වරට කොටස් වෙළෙඳපොළෙන් ත්‍රිත්ව ශතකයක්
Wed Jan 10, 2018 5:45 pm by Ethical Trader

» RICH N.0000 Richard Pieris and company PLC
Mon Jan 08, 2018 6:14 pm by Ethical Trader

» බැඳුම්කරය: මහින්දගෙන් ප්‍රශ්න කරන්න ජනමාධ්‍ය බයද? - රනිල්
Mon Jan 08, 2018 11:58 am by කිත්සිරි ද සිල්වා

» ලංකාවේ සුපිරිම දුම්රිය ස්ථානය
Sun Jan 07, 2018 5:33 pm by spw19721

» බැඳුම්කර කොල්ලයේ හෙළි වූ හොරු මෙන්න
Sun Jan 07, 2018 11:07 am by Ethical Trader

» අගමැති නිදොස් යයි කීම "ස්වයංවින්දනයක්ද?"
Sun Jan 07, 2018 10:51 am by Ethical Trader

» නව බදු : සෞදි බලධාරීන්ගෙන් තවත් පියවරක්
Sun Jan 07, 2018 10:48 am by Ethical Trader

» දුප්පත්කමින් එතෙරවීමට ඉනිමං බඳින චීනය
Sun Jan 07, 2018 10:45 am by Ethical Trader

» "නාන්න අවසර විනාඩි දෙකයි"
Sun Jan 07, 2018 10:39 am by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ ක්‍රියාත්මක කරන්න - අගමැතිගෙන් උපදෙස්
Sat Jan 06, 2018 7:24 pm by කිත්සිරි ද සිල්වා

» "Politically Black": බ්‍රිතාන්‍යයේ ජාතිවාදයට එරෙහිව සටන් වැදුණු ශ්‍රී ලාංකිකයා
Sat Jan 06, 2018 12:26 pm by Ethical Trader

» 'ෆයර් ඇන්ඩ් ෆියුරි' බොරුවෙන් පිරිලා - ට්‍රම්ප්
Sat Jan 06, 2018 12:22 pm by Ethical Trader

» සුනඛයෙකුට කළ ප්‍රතිකාරයකින් බිම් බෝම්වලට ගොදුරුවූවන්ට "නව බලාපොරොත්තුවක්"
Fri Jan 05, 2018 7:51 pm by කිත්සිරි ද සිල්වා

» රවිට නඩු, රනිල්ට තරවටු, සියලු පාඩු අයකර ගැනීමට පියවර- ජනපති කියයි..
Thu Jan 04, 2018 6:24 pm by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ: "අගමැතිතුමා නිර්දෝෂී බව කොමිසම සනාථ කළා"
Thu Jan 04, 2018 3:27 pm by CK

» "බරපතල වංචා, දූෂණ" කොමිෂන් වාර්තාවත් ජනපතිට භාර දෙයි
Thu Jan 04, 2018 10:06 am by Ethical Trader

» Banking Sector Outlook-
Thu Jan 04, 2018 10:01 am by Ethical Trader

» දූෂණ පරීක්ෂණවලට තිරිංග දැම්මේ කවුද?
Wed Jan 03, 2018 6:37 pm by CK

» 2018 Calander
Wed Jan 03, 2018 11:07 am by Ethical Trader

» CSE Holidays - 2018
Wed Jan 03, 2018 11:03 am by Ethical Trader

» CB action taken on ailing finance companies.
Wed Jan 03, 2018 10:43 am by Ethical Trader

» World’s Most Toxic Food
Wed Jan 03, 2018 10:28 am by කිත්සිරි ද සිල්වා

» Tempolten's 22 Principles for successful Investments.
Wed Jan 03, 2018 10:18 am by Ethical Trader

» සෞදි අරාබිය සහ එක්සත් අරාබි එමීරය පළමු වරට බදු හඳුන්වා දෙති
Tue Jan 02, 2018 7:14 pm by කිත්සිරි ද සිල්වා

» ඉරානය- මරණ විසි ගණනක්; සිය ගණනක් අත්අඩංගුවේ
Tue Jan 02, 2018 7:12 pm by කිත්සිරි ද සිල්වා

» ස්වර්ණමහල් සහ ඊටීඅයි ෆිනෑන්ස් සමාගම් මහ බැංකුවේ නියාමනයට
Tue Jan 02, 2018 7:10 pm by කිත්සිරි ද සිල්වා

» යාචක තහනම: "යාචකයන්ට දිනකට රු 1,500ක රැකියා"
Tue Jan 02, 2018 7:10 pm by Ethical Trader

» Ouch !
Mon Jan 01, 2018 6:33 am by spw19721

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Sri Lanka’s glyphosate ban seen driving demand for specialty fertilisers

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Sri Lanka’s glyphosate ban seen driving demand for specialty fertilisers

Post by Backstage on Tue Oct 24, 2017 7:14 pm

Sri Lanka’s glyphosate ban seen driving demand for specialty fertilisers
Oct 24, 2017

ECONOMYNEXT – Sri Lanka’s ban on glyphosate could drive demand for high quality specialty fertilisers of the type sold by Unipower (Private) Limited (UPL), bought by agribusiness firm CIC Holdings PLC in a deal arranged by NDB Investment Bank Limited.

“Specialty fertilisers offered by UPL help farmers increase crop yields, improve product quality and reduce the environmental impact of agricultural practices,” said NDB Investment Bank Limited (NDBIB).

“Properties such as higher water solubility, better soil absorption, and slow release of nutrients lead to higher levels of productivity and improved returns on investment.”

CIC Holdings (CIC) acquired a 70% stake of UPL, a family-owned firm which focuses on specialty agricultural fertilisers, complementing CIC’s portfolio of products and services in the agri business sector.

The transaction brought globally known brands in specialty agri inputs such as Yara, Everris, Grow More and Ginegar under the CIC umbrella, NDBIB, which acted as financial advisor to the deal, said in a statement.

It also strengthened UPL to “spearhead a new phase of growth supported by the strong distribution strengths of CIC,” NDBIB, the fee based investment banking subsidiary of NDB Capital Holdings, said.

The recent ban on glyphosate and negative publicity on the environmental impact of agrochemicals are expected to drive demand for high quality specialty fertilisers and boost UPL’s vision of diversifying away from relying solely on traditional commoditised fertiliser, NDBIB said.

UPL was established in 1988 by Jayantha Rajapakse who has pioneered the introduction of specialty agricultural inputs to Sri Lanka and will also continue to function as UPL’s Executive Chairman, the statement said.

“This transaction demonstrates how family owned companies could partner with larger institutions and utilise their strengths to achieve a higher growth trajectory on mutually beneficial terms.” Said Darshan Perera, chief executive of NDBIB.

Rajapakse said his firm as the pioneers of introducing specialty fertilisers to Sri Lanka has acquired partnerships with specialty agri input suppliers in the past 30 years.

“Completion of this transaction with CIC marks a significant milestone for Unipower as we are better able to extend our reach for higher growth potential.”

Vice President and Head - Corporate Advisory at NDBIB, Nilendra Weerasinghe said the Unipower transaction was special for two reasons.

“Firstly, the shareholders weren’t looking for just an exit; they were looking for a growth platform. So, strategic fit was very important.

“Secondly, it was likely to be a trade sale; managing confidentiality was paramount. We are confident we delivered on both counts.”

NDBIB said it executed the transaction in a three-staged process carefully screening potential partners for strategic fit with the founder’s vision for UPL and its business operations.

Ensuring confidentiality throughout the process was very important especially given the need to manage concerns of a trade sale whilst also providing adequate information to enable satisfactory due diligence.

“The transaction indicates the level of heightened M&A activity in the country and the pivotal role played by NDBIB as the leading and preferred advisor for M&A transactions,” the statement said.

The Unipower transaction comes on the back of Dialog Axiata’s acquisition of Colombo Trust Finance marking the second successful M&A carried out by NDBIB within a space of just over a mont
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