📈 Tea Broking Focus: Ceylon Tea Brokers Divests Logistics Arm

• Ceylon Tea Brokers PLC has signed a Share Sale and Purchase Agreement to sell its entire 100% stake in Logicare Ltd. to DP Logistics Ltd., a member of the David Pieris Group of Companies. • Deal Value: The transaction for the shares is valued at Rs. 635.3 million, based on an enterprise value of Rs. 1.3 Billion for the logistics subsidiary. • Strategic Rationale: This divestment allows Ceylon Tea Brokers to fully exit the integrated logistics and warehousing sector (Logicare), aligning with its strategic decision to focus on its core tea broking and related services business. • Buyer Context: DP Logistics, already a major player, strengthens its position in freight forwarding, warehousing, and supply chain management through this acquisition.