Sri Lanka, April 19 -- Government Releases Shortlisted Bidders for State-Owned Enterprise Divestiture

The State-Owned Enterprise Restructuring Unit (SRU) under the Finance Ministry has unveiled the names of local and foreign firms that submitted responses to divestiture requests and the shortlisted bidders for key state-owned enterprises (SOEs).

According to a press release, the SRU aims to conclude all SOE transactions, except SriLankan Airlines, by August 2024, with the airline's timeline potentially extending to September 2024.

In March 2023, the Cabinet approved the divestiture of shares in entities including Hotel Developers Lanka Ltd (HDL), Canwill Holdings Pvt Ltd (CHPL), Lanka Hospitals Corporation PLC (LHCP), and Sri Lanka Tel...