Sri Lanka may un-bundle SOEs before divestment

Sri Lanka may break-up a number entities that are on track for privatization, after transaction advisors complete a study on the entities, Director General of State Enterprises Reform Unit Suresh Shah said.

SriLankan Airlines which has catering, engineering and ground handling operations is one entity where earlier proposals had been made for separately selling the operations.

Whether an entity is divested “bundled or unbundled” in currently open not only for SriLankan but also others listed for re-structure, Shah told a forum organized by CFA Sri Lanka Society.

“This is why we appoint financial or transaction advisors; to help us understand what options are available for us,” Shah said.

“We will look at this from the perspective of the country as well as from the perspective of the company.”

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