Sri Lanka’s state enterprise unit is expecting to make the first divestitures in the fourth quarter of 2023, Director General, Suresh Shah said.
A government procurement is now evaluating bids for transaction advisors to planned divestitures, Shah told a forum organized by the central bank.
Transaction advisors are required to value the companies. They will also prepare a data room for prospective bidders to conduct due diligence, he said.
Watch the full seminar here