Lion Brewery (Ceylon) PLC (COSE:LION-N-0000) signed the share sale and purchase agreement to acquire shareholding and trademarks of Millers Brewery Limited from Cargills (Ceylon) PLC (COSE:CARG-N-0000) and other shareholders for LKR 5.2 billion on May 30, 2014. The sale is debt free. The transaction is subject to due diligence and settlement of all liabilities by Millers Brewery Limited.

Lion Brewery (Ceylon) PLC (COSE:LION-N-0000) completed the acquisition of shareholding and trademarks of Millers Brewery Limited from Cargills (Ceylon) PLC (COSE:CARG-N-0000) and other shareholders on October 30, 2014.