Sri Lanka expects to raise an ambitious $4.5 billion from selling both profitable and loss-making state-owned enterprises, two officials said, as the crisis-hit nation is desperately looking for foreign inflows to come out of an unprecedented economic crisis.
“The list includes Sri Lanka Telecom, Litro Gas, Sri Lankan Catering, Airport Ground handling, Hilton Hotel, and many others,” one source told EconomyNext.
“We are open for negotiations and we will be doing everything in a transparent manner. We will start the divestment process with a sentiment boost after the IMF loan is approved.”
Another source who has the knowledge on the state-enterprise restructuring confirmed the move.
“We estimate to raise around $4.5 billion from selling 14 state firms.”
An Indian private firm has been keen on the loss-making SriLankan Airlines while Qatar is interested in some leisure assets, the second source said.
The divestment of the state assets comes as part of the government’s restructuring process of state sector enterprises.
President Ranil Wickremesighe has strongly said state sector restructuring is a must to reduce burden on the people.
https://economynext.com/sri-lanka-e...le-loss-making-state-asset-divestment-114296/
“The list includes Sri Lanka Telecom, Litro Gas, Sri Lankan Catering, Airport Ground handling, Hilton Hotel, and many others,” one source told EconomyNext.
“We are open for negotiations and we will be doing everything in a transparent manner. We will start the divestment process with a sentiment boost after the IMF loan is approved.”
Another source who has the knowledge on the state-enterprise restructuring confirmed the move.
“We estimate to raise around $4.5 billion from selling 14 state firms.”
An Indian private firm has been keen on the loss-making SriLankan Airlines while Qatar is interested in some leisure assets, the second source said.
The divestment of the state assets comes as part of the government’s restructuring process of state sector enterprises.
President Ranil Wickremesighe has strongly said state sector restructuring is a must to reduce burden on the people.
https://economynext.com/sri-lanka-e...le-loss-making-state-asset-divestment-114296/
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