In a typical 'Investment Banking' style of Robbing Peter to pay Paul and Buying Pat to compensate insurance of Peter...etc etc...Sri Lanka's Pandyan Indian Invader AryaChakravarti orgin Alexis Lovell is now said to be working out a deal to acquire AMW company through bringing it to Colombo Stock Exchange again in a listing whilst United Arab Emirates based Al Futtaim has expressed deap concerns to exit their investment in Sri Lanka.
Accordingly Alex Lovell who has recently made the largest foreign investment inflow Deal to the country in banking sector through bringing in TPG Capital to invest in Union Bank is said to be looking at buying AMW under Union Bank of Colombo PLC (UBC) within a period of 2 years.
Further before hand cocktail circles are discussing that Al Futtaim owned Orient Insurance will be immediately acquired by Union Bank and Union Bank will have an official insurance subsidiary whilst Alex brought in Malaysia's CIMB group that is now headed by Anarkali Munasinghe (with Alex's Advice) will do leasing and finance part through acquisition of AMW Capital Leasing (AMCL) stake. Further then UB Finance PLC will acquire shares of AMW Capital Leasing and accordingly Shore Cap Capital and CIMB group along with Union Bank will enter listed financial sphere of Colombo Stock Exchange.On the other hand Alex is also trying to buy another Stock Brokerage under Union Bank group with TPG money in Sri Lanka.
Alex Lovell is also making a deal to bring an investor to former Ceylinco owned F&G Property Developers Ltd and F&G Real Estate Company Ltd where so many housing projects are there.