Sri Lanka divestitures expected in fourth quarter

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

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