Sri Lanka selects privatization advisors

Sri Lanka’s state enterprise re-structuring unit has selected transaction advisors to help sell down four state enterprises, sources said.

Capital Alliance Partners with Alvarez and Marsal has been selected for Sri Lanka Insurance.

Platinum Advisors with Colliers, for Hotel Developers and Deloitte India for Litro Gas and Canwill Holdings, the owning company of Colombo’s Hyatt building.

Sri Lanka’s state enterprise restructuring unit is expecting to start the first sell-downs in the fourth quarter of 2023.

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