9/7/2011 12:00:00 AM
Cargills (Ceylon) PLC, owners of the Food City supermarket chain and
gradually progressing to many other business ventures in the new post-war
economy, is launching a new bank named, Cargills Agriculture and Commercial Bank
In a notification to the Colombo Stock Exchange on Wednesday, the company
said Cargills and C. T. Holdings PLC (holding company) as joint promoters had
been given provisional approval by the Central Bank to set up the bank,
to ‘fulfilling routine terms and conditions’.