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» අනං මනං! #/+?.<>
Yesterday at 10:02 pm by Yin-Yang

» Dividend Announcement
Yesterday at 7:07 pm by serene

» Sri Lankan listed firms told to pay dividends directly to shareholder bank accounts
Yesterday at 2:38 am by pjrngroup

» Sri Lanka's Hayleys group to sell assets to reduce debt
Mon Aug 13, 2018 10:05 pm by nihal123

» අපේ දුම්රිය සේවය තැබු ලෝක වර්තාව; වර්ජනයේ අරමුණ රුපියල් 11605 කින් පඩි වැඩිකර ගැනීම!
Mon Aug 13, 2018 3:05 pm by Yin-Yang

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Sun Aug 12, 2018 9:47 am by කිත්සිරි ද සිල්වා

» "මාව පෙළඹෙව්වේ සංගක්කාර" - ඉන්දීය ක්‍රිකට් ක්‍රීඩිකා ස්ම්‍රිති මන්දනා
Sat Aug 11, 2018 5:08 pm by Ethical Trader

» Sri Lanka's Ceylon Tobacco net up 47-pct, volumes grow
Fri Aug 10, 2018 5:19 pm by Ethical Trader

» Sri Lanka's Tokyo Cement in the red, vessel sale adds to loss
Fri Aug 10, 2018 2:27 pm by The Invisible

» Sri Lanka’s Watawala Plantations June net down 57-pct
Fri Aug 10, 2018 2:26 pm by The Invisible

» Sri Lanka’s Aitken Spence Hotel June quarter losses rise 22-pct
Fri Aug 10, 2018 2:23 pm by The Invisible

» ඩොලරයේ වැඩිම විකුණුම් මිල අද වාර්තා වෙයි
Fri Aug 10, 2018 9:00 am by Ethical Trader

» BOC New Internet Banking System
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» PB. N0000 (People's Bank)
Wed Aug 08, 2018 11:55 am by Ethical Trader

» දේශපාලනික වාසි උදෙසා සිදුවන ප්‍රතිපත්ති වෙනස්වීම් ගැන මහ බැංකුව මෙසේ කියයි
Wed Aug 08, 2018 11:34 am by Ethical Trader

» Amazing හෙළ වෙදකම
Wed Aug 08, 2018 11:00 am by Ethical Trader

» විදේශිකයෝ ඩොලර් මිලියන 229 ක බැඳුම්කර ආයෝජන ඉවත් කර ගනිති
Tue Aug 07, 2018 12:22 pm by Ethical Trader

» මූල්‍ය සමාගම් ඒකාබද්ධ කිරීම වක්‍රාකාරයෙන් සිදුවෙනවා – මහ බැංකු නියෝජ්‍ය අධිපති කියයි
Tue Aug 07, 2018 12:21 pm by Ethical Trader

» සිංගප්පූරු ගිවිසුමෙන් අපනයන වාසියක් නැහැ – මහ බැංකු අධිපති
Tue Aug 07, 2018 12:19 pm by Ethical Trader

» Sri Lanka to miss IMF forex reserve target; seek waiver
Mon Aug 06, 2018 10:45 am by The Invisible

» Sri Lanka targets lower forex reserves for end 2018
Mon Aug 06, 2018 10:43 am by The Invisible

» Sri Lanka economy to grow 4.0-pct in 2018
Mon Aug 06, 2018 10:42 am by The Invisible

» More curbs on cars as Central Bank battles trade gap
Mon Aug 06, 2018 10:40 am by The Invisible

» What Sri Lanka can do to improve the credibility of its dollar soft-peg
Mon Aug 06, 2018 10:39 am by The Invisible

» Sri Lanka's Hayleys Fabric back in profit in June quarter
Sun Aug 05, 2018 12:11 am by spw19721

» Sri Lanka keeps rates unchanged
Fri Aug 03, 2018 6:10 pm by Ethical Trader

» Sri Lankan shares end up 0.1-pct, foreigners buy NTB
Fri Aug 03, 2018 6:08 pm by Ethical Trader

» Sri Lanka sharply raises tax on small hybrid cars
Fri Aug 03, 2018 6:03 pm by Ethical Trader

» Sri Lanka inflation accelerates to 5.4-pct in July
Fri Aug 03, 2018 5:54 pm by Ethical Trader

» බදු ඉහළට. Wagon R, Japan Alto, Spacia ඇතුළු පොඩි කාර් මිල වැඩිවෙන්නේ මෙහෙමයි
Fri Aug 03, 2018 1:28 pm by කිත්සිරි ද සිල්වා

» India police hunt eight men after sex attack on goat
Wed Aug 01, 2018 1:04 pm by slstock

» Yes, we Khan!
Wed Aug 01, 2018 1:03 pm by කිත්සිරි ද සිල්වා

» ඡන්ද කටේ ,කුලියාපිටියේ ඇදෙන Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි
Wed Aug 01, 2018 7:46 am by serene

» Should CSE be like this? Whose FAULT is it?
Tue Jul 31, 2018 8:24 pm by spw19721

» ලෝකය යා කරන චීන ඉදිකිරීම් වේගවත් කරන යෝධ යන්ත්‍ර
Tue Jul 31, 2018 6:08 pm by Ethical Trader

» 'කාලතුවක්කු උණ්ඩ ගස': "ඉන්දියාවේ තබා ආසියානු කලාපයේ ශාකයක් නොවෙයි"
Tue Jul 31, 2018 5:49 pm by Ethical Trader

» Happy Birthday
Mon Jul 30, 2018 10:27 pm by serene

» Whats ailing Sri Lanka ? Why we are what we are!
Mon Jul 30, 2018 5:48 pm by Ethical Trader

» Lunar Eclipse
Sun Jul 29, 2018 10:56 am by Ethical Trader

» ගුවන් යානා තුළ මකුණන් සිටීමට හේතුව කාලගුණය බව 'එයාර් ඉන්දියා' සමාගම පවසයි
Sun Jul 29, 2018 10:54 am by Ethical Trader

»  Woman finds frog parts in her packet of 'kottu'
Sun Jul 29, 2018 8:42 am by කිත්සිරි ද සිල්වා

» අඟහරු ග්‍රහයා මත ද්‍රවීය ජලය ඇති 'විලක්' ඇතැයි හෙළිවේ
Thu Jul 26, 2018 5:02 pm by Ethical Trader

» තායිලන්ත ලෙනෙන් මුදවාගත් දරුවන් තාවකාලික පැවිදි දිවියට
Wed Jul 25, 2018 10:08 am by Ethical Trader

» ආබාධිත තත්වයක් නිසා හොඬයේ ආධාරයෙන් ඇවිදින අලි පැටවෙකු මත්තල දී හමුවෙයි
Tue Jul 24, 2018 9:59 am by Ethical Trader

» කැනඩාවේ ටොරොන්ටෝ වෙඩි තැබීම: කාන්තාවක් මරුට, දැරියකට අසාධ්‍යයි
Tue Jul 24, 2018 7:58 am by කිත්සිරි ද සිල්වා

» Quick Checklist for Selecting a Stock
Tue Jul 24, 2018 7:46 am by serene

» Chevron Lubricants Lanka appoints new MD/CEO
Tue Jul 24, 2018 7:43 am by serene

» ලංකාවේ සංචාරය නිසා බ්‍රිතාන්‍ය මන්ත්‍රීට පාර්ලිමේන්තු තහනමක්
Sun Jul 22, 2018 6:09 pm by Ethical Trader

» සදහම් හඩ
Thu Jul 19, 2018 6:53 am by Ethical Trader

» Debenture issues
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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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