Several State-Owned Enterprises in Sri Lanka to undergo divestment process
Posted by Editor on March 23, 2023 - 7:19 pm
A decision has been reached for the divestment of shares held by the state of several enterprises based on a cabinet decision reached on 13th March 2023, the State Owned Enterprises Restructuring Unit of the Finance Ministry announced.
The State-Owned Enterprises that will undergo the process are as follows:
- SriLankan Airlines and SriLankan Catering
- Sri Lanka Telecom PLC
- Sri Lanka Insurance Corporation Limited
- Canwill Holdings (Pvt) Ltd – Grand Hyatt Colombo
- Hotel Developers (Lanka) Ltd – Hilton Hotel Colombo
- Litro Gas Terminal Lanka (Pvt) Ltd & Litro Gas Lanka Ltd
- Lanka Hospitals PLC
The divestment is to be implemented by the State Owned Enterprises Restructuring Unit under the Ministry of Finance, Economic Stabilization and National Policies.
A statement noted that qualified and experienced companies will be appointed for the purpose of consultation or development of the said State-Owned Enterprises by the State Owned Enterprises Restructuring Unit.
Latest Headlines in Sri Lanka
- Four Sri Lankan Police officers suspended over alleged torture February 5, 2025
- SLPA resolves container congestion – enhances port operations February 4, 2025
- Sri Lankan President arrives with minimal escort for 77th Independence Day February 4, 2025
- Sri Lanka marks 77th Independence Day with call for national revival February 4, 2025
- Sri Lanka to Launch ‘GovPay’ on February 7, 2025 February 3, 2025
