Several State-Owned Enterprises in Sri Lanka to undergo divestment process
Posted by Editor on March 23, 2023 - 7:19 pm
A decision has been reached for the divestment of shares held by the state of several enterprises based on a cabinet decision reached on 13th March 2023, the State Owned Enterprises Restructuring Unit of the Finance Ministry announced.
The State-Owned Enterprises that will undergo the process are as follows:
- SriLankan Airlines and SriLankan Catering
- Sri Lanka Telecom PLC
- Sri Lanka Insurance Corporation Limited
- Canwill Holdings (Pvt) Ltd – Grand Hyatt Colombo
- Hotel Developers (Lanka) Ltd – Hilton Hotel Colombo
- Litro Gas Terminal Lanka (Pvt) Ltd & Litro Gas Lanka Ltd
- Lanka Hospitals PLC
The divestment is to be implemented by the State Owned Enterprises Restructuring Unit under the Ministry of Finance, Economic Stabilization and National Policies.
A statement noted that qualified and experienced companies will be appointed for the purpose of consultation or development of the said State-Owned Enterprises by the State Owned Enterprises Restructuring Unit.
Latest Headlines in Sri Lanka
- Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche September 29, 2023
- Sri Lanka Navy seizes Kerala cannabis worth over Rs. 33 million in Karainagar September 29, 2023
- Some Sri Lanka creditors seeking debt restructuring deal without China September 29, 2023
- SriLankan Airlines partners with Virgin Australia September 28, 2023
- Sri Lanka to launch campaigns to attract 1.5 million tourists – proposal to create non-sleeping cities September 28, 2023
