Portuguese conglomerate Semapa has bought electric bike frame manufacturer Triangle's Cycling Equipments for 178.7 million euros ($195.2 million), part of its move into businesses geared towards decarbonisation, it said on Tuesday.
Sri Lankan shares closed lower on Tuesday, dragged down by losses in financial and consumer staple stocks, although gains in communication services capped further decline.
Sri Lankan shares closed higher on Wednesday, aided by gains in financial and communication services stocks, while investors await the monetary policy decision from the country's central bank this week where it is expected to keep key rates unchanged.