The government expects to receive Expressions of Interest (EOI) from suitable investors to transfer government shareholding in Litro Gas Lanka Limited and Litro Gas Terminal Lanka Company this week.
The government owns 99% stake in Litro Gas Company, the country’s largest cooking gas supplier.
Litro Gas supplies gas to 4.7 million homes and 14,000 businesses.
The move follows the government’s intention to sell its state-owned stake in Litro Gas Company as part of the restructuring of state-owned enterprises under the IMF’s Comprehensive Funding Programme.
Meanwhile, a deadline has been set as March 5th for bidding for the restructuring of SriLankan Airlines.
A state-owned business restructuring unit was also appointed to oversee the distribution of government shares in the following state-owned enterprises.
- SriLankan Airlines including SriLankan Catering Limited
- Sri Lanka Telecom PLC
- Sri Lanka Insurance Corporation Limited
- Canwill Holdings (Pvt) Ltd – Grand Hyatt Colombo
- Hotel Developers Lanka Company (Colombo Hilton Hotel)
- Litro Gas Lanka Private Limited and Litro Terminals Private Limited (including Litro Retail)
- Ceylon Hospital Corporation PLC