Nestlé Lanka delists from the CSE to drive efficiencies

The Board of Directors of Nestlé Lanka has authorized the proposal to delist the company from the Colombo Stock Exchange, subject to necessary approvals and clearances.

The delisting will also help the company strengthen its focus on core business activities, whilst upholding Sri Lanka’s statutory reporting and compliance requirements.

“We strongly believe that this proposal is in the best interest of our shareholders and assure that they would be rewarded with an attractive and fair premium,” said Bernhard Stefan, Managing Director of Nestlé Lanka.

“As in the past, we will work with communities and bring high quality products to our valued Sri Lankan consumers, whilst doing well for the planet. We will continue to drive efficiencies whilst focusing on delivering on our promise to the country and its people”

Having operated in Sri Lanka for over 115 years, the company also furthered its investments in 2022, including the capacity expansion of its factory in Kurunegala, and initiated a biomass boiler project in 2023.