Sri Lanka may appoint local advisors for small SOE divestments

Sri Lanka may appoint domestic transaction advisors for smaller divestments in the future, Director General of the State Enterprise Restructuring Unit Suresh Shah said.

In the first set of enterprises to be sold, which included Sri Lanka Insurance, Sri Lanka Telecom and Litro Gas, international transaction advisors were appointed.

By appointing local advisors in future transactions, some time could be saved, Shah told a forum organized by CAL, a Colombo-based investment banking group.

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