Hatton National Bank (HNB) has successfully acquired the remaining 50% stake in Acuity Partners Ltd. from DFCC Bank for Rs. 6.5 billion. The transaction, which received approval from the Securities and Exchange Commission, involved the purchase of 75.5 million shares.
Originally announced in June 2024, the deal was initially valued at Rs. 7 billion in September, but the two banks renegotiated terms in December, finalizing the agreement at a revised price.
Acuity Partners is a top-tier investment bank in Sri Lanka, recognized as the most respected investment bank in the country by LMD in 2023. The firm has also been listed among the ‘Top 100 Brands in Sri Lanka’ by Brand Finance for two consecutive years. Acuity offers a range of financial services, including corporate finance, equities, fixed income securities, and venture capital.