EXCLUSIVE – Lion buys Three Coins

June, 20, 2014

Lion Brewery Ceylon PLC owned by Carson Cumberbatch PLC and Carlsberg Malaysia has bought the Cargills Group owned ‘Three Coins’ brewery, reliable market sources told AdaderanaBiz.lk

Distilleries Limited too had made a bid while the Three Coins Brewery had impacted negatively on the Cargills Group profits.

It has been further revealed that the Lion Brewery which dominates the lion’s share of the beer market in Sri Lanka has bought Three Coins Brewery for a consideration of nearly Rs. 05 billion.

Cargills Group had bought Three Coins Brewery for Rs. 1.4 billion in 2011 and also invested in broadening its capacity.

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