State–owned Enterprises Restructuring Unit said that the Sri Lanka government has received 8 requests for qualification (RfQ) from potential investors to acquire Shares in State-owned Lanka Hospital Corporation.
The present government of President Ranil Wickremesinghe’s is in the process of divesting some profit as well as loss-making state-owned enterprises in a move to reduce losses after an unprecedented economic crisis and moving away from government directly involved in businesses.
The State-Owned Enterprises Restructuring Unit, under the Ministry of Finance, said it called for RfQs on October 18, 2023 to acquire shares in the Lanka Hospitals Corporation PLC with the deadline at 2 pm on Tuesday, 21st November 2023.
“The RfQs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee,” the SOE Restructuring unit said in a statement.
“8 RfQs were received and will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.”
It also said International Finance Corporation (IFC), a financial arm of the World Bank will continue as the transaction advisors for the divestiture of the Lanka Hospitals.
Source: Enonomynext
