Left Over

The Treasury is selling its residual stakes in 19 firms, 14 of them through the Colombo Stock Exchange.
At current trading prices, the stakes in 13 of the 14 listed firms are worth Rs.194.6 million.rn

rnThe larger parcels of the listed shares and the five unquoted firms will be sold on an all or nothing basis. rn

rnThe value of the remaining five firms will be ascertained once interest has been secured, PERC officials told Lanka Business Online. rn

rnStakes in two plantations firms were sold earlier in August, with the government collecting around Rs.83 million for sale.rn

rnThe monies from the sale will help meet the governments 2003 target from privatisation proceeds of Rs. 13.5 billion.rn

rnOther state entities earmarked for disposal include CPCs assets and market network, a 69 percent stake in Hilton Hotel and CWEs retail business. rn

rnThe governments holding in Ceylon Hotel Corp., road development and a construction company, as well as a 49 percent in Shell Gas Lanka Ltd too would fo