Holiday Travel

Three firms including Singapore based SBS Transit has shown interest to buy up a stake in the remaining seven state bus companies.
The deadline to submit proposals for a 39% stake in the bus companies has also been put off to January 16, an extension by the Public Enterprises Reform Commission (PERC) to factor in the time taken off during the recent holiday season. rn

rnThe bus companies will be sold over the Colombo bourses trading system to the parties qualifying to bid on Jan 20. rn

rnOfficials close to the divesture programme say three firms have shown interest so far, including Singapores SBS Transit.rn