TPG exits Sri Lanka's Union Bank of Colombo
TPG Capital has agreed to exit Union Bank of Colombo (UBC), a Sri Lanka-based lender it has held since 2014, to a Singapore-registered company of unspecified ownership.
According to a regulatory filing, an entity controlled by the private equity firm’s sixth pan-Asian fund – which closed on USD 3.3bn in 2014 – will sell its position in UBC to CG Capital Partners...
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