AAIC big parcel @ 128 Now in rs.88 At market

CSE1 · 1 AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:17 am

CSE1

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whats going on :O

CSE1 · 2 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:20 am

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will be mandatory offer ??

Gaja · 3 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:22 am

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Its agreed crossing boss, with some German Financial Institution

Gaja · 4 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:45 am

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http://www.cse.lk/cmt/upload_cse_announcements/6891362631336_.pdf

Redbulls · 5 German, Dutch DFIs buy into Sri Lanka insurer Thu Mar 07, 2013 10:49 am

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Mar 07, 2013 (LBO) - Germany's DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier has bought a 38 percent stake in Asian Alliance Insurance in a deal valued at 1.8 billion rupees.

The stock was sold in an off-market deal at a previously contracted price of 128 rupees per share with each DFI paying 912 million rupees, brokers said.

In the broader market the stock traded at 82 and 84 rupees per share.

In December 2012, Sri Lanka's Softlogic group, which controls Asian Alliance Insurance, said stock owned by Softlogic Holdings Plc and Softlogic Capital will be sold to DEG and FMO.
http://lbo.lk/fullstory.php?nid=271818565

Antonym · 6 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:54 am

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The Netherlands-based buyer is an entrepreneurial development bank that provides access to capital, knowledge, and partnerships for entrepreneurs and institutions. It provides finance to micro, small, and medium-sized businesses in low-income countries; and focuses on development through investing in companies and projects.

(Sourced from http://investing.businessweek.com)

maalinda · 7 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:59 am

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NO Mandatory offer

troy · 8 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:10 am

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why no mandatory offer??

Gaja · 9 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:11 am

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troy wrote:why no mandatory offer??

Its less the 30% of the shares of the company

troy · 10 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:20 am

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[quote="Redbulls"]Mar 07, 2013 (LBO) - Germany's DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier has bought a 38 percent stake in Asian Alliance Insurance in a deal valued at 1.8 billion rupees.

so how come it be less than 30%??

Gaja · 11 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:23 am

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[quote="troy"]

Redbulls wrote:Mar 07, 2013 (LBO) - Germany's DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier has bought a 38 percent stake in Asian Alliance Insurance in a deal valued at 1.8 billion rupees.

so how come it be less than 30%??

http://www.cse.lk/cmt/upload_cse_announcements/6891362631336_.pdf - This is what CSE Says

Gaja · 12 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:25 am

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[quote="Gaja"]

troy wrote:

Redbulls wrote:Mar 07, 2013 (LBO) - Germany's DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development financier has bought a 38 percent stake in Asian Alliance Insurance in a deal valued at 1.8 billion rupees.

so how come it be less than 30%??

http://www.cse.lk/cmt/upload_cse_announcements/6891362631336_.pdf - This is what CSE Says

Balance Transactions with another broker, have to wait and see

Harry82 · 13 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:41 am

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Around 38 %
mandatory offer will call within this month.

Gaja · 14 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:42 am

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Harry82 wrote:Around 38 %
mandatory offer will call within this month.

Total Number of Shares transacted 14,250,000

maalinda · 15 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:46 am

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Germany's DEG, a part of the KfW group

and

FMO, a Dutch development financier

2 parties.

All together 38 % but each has bought around 19%.

i dont see a reason for a Mandatory offer UNLESS this 2 parties connected.

Gaja · 16 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:47 am

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Harry82 wrote:Around 38 %
mandatory offer will call within this month.

It bought by two different companies?

Harry82 · 17 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:52 am

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may move up above Rs 100.00

Gaja · 18 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:52 am

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maalinda wrote:Germany's DEG, a part of the KfW group

and

FMO, a Dutch development financier

2 parties.

All together 38 % but each has bought around 19%.

i dont see a reason for a Mandatory offer UNLESS this 2 parties connected.

Yes Friend

Harry82 · 19 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:55 am

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boz very very good future Very Happy

troy · 20 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:01 pm

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My broker confirmed no Mandatory offer since two parties have bought and a relationship among those is not identifiable. Sorry if any one misguided by my posts and thanks Gaja for saving the day for me. Smile

Gaja · 21 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:07 pm

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troy wrote:My broker confirmed no Mandatory offer since two parties have bought and a relationship among those is not identifiable. Sorry if any one misguided by my posts and thanks Gaja for saving the day for me.

Wel Come Friend

If am not mistaken these two investors have long term relationship with Sri Lanka, and if am right there were the share holders of DFCC at the initial stages

Rapaport · 22 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:15 pm

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Can anyone elaborate the benefits this can have for Softlogic??

It is a company with substantial debt and their restructuring with their hospitals and now AAIC is a little confusing.

Hmmmmmmmmmmm

Cheers!

Gaja · 23 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:18 pm

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Rapaport wrote:Can anyone elaborate the benefits this can have for Softlogic??

It is a company with substantial debt and their restructuring with their hospitals and now AAIC is a little confusing.

Hmmmmmmmmmmm

Cheers!

I feel this transaction also executed with the intention of reducing the debt, also on of this companies giving loan to Softlogic capital with the option to convert as shares in the years to come if am not mistaken.

Harry82 · 24 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:21 pm

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then why they bought at high price ?

VISA · 25 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:23 pm

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You might be right but read

FMO interim report for 2012. (page 6)

http://www.fmo.nl/investorrelations

They have joint office with DEG in Johannesburg. i assume this is the same DEG your are talking about

What is the definition of connected parties is very interesting

"In the beginning of 2012 FMO opened a joint office with DEG in Johannesburg. Our local presence will strengthen our sourcing capacity and will enhance our service to clients in Southern Africa. During the first half of 2012 we have actively explored opportunities and worked on new initiatives to catalyze funds with other Development Finance Institutions and/or commercial parties which will be continued in the second half of 2012."

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AAIC big parcel @ 128 Now in rs.88 At market

1 AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:17 am

CSE1

2 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:20 am

CSE1

3 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:22 am

Gaja

4 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:45 am

Gaja

5 German, Dutch DFIs buy into Sri Lanka insurer Thu Mar 07, 2013 10:49 am

Redbulls

6 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:54 am

Antonym

7 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 10:59 am

maalinda

8 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:10 am

troy

9 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:11 am

Gaja

10 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:20 am

troy

11 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:23 am

Gaja

12 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:25 am

Gaja

13 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:41 am

Harry82

14 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:42 am

Gaja

15 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:46 am

maalinda

16 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:47 am

Gaja

17 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:52 am

Harry82

18 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:52 am

Gaja

19 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 11:55 am

Harry82

20 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:01 pm

troy

21 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:07 pm

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22 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:15 pm

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23 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:18 pm

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24 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:21 pm

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25 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:23 pm

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