The governments privatisation arm is throwing its doors open to the local investment banking community to help them out as financial advisors for upcoming privatisation issues.
The Public Enterprise Reform Committee (PERC) says the move, will pave the way for merchant banks, investment arms of foreign banks and certain foreign consultants to take a look at ongoing issues.rn
rnldblquote Its a decision the Commission took to help develop the financial community and enhance the transparency process of privatisation,
dblquote PERCs Director General, Manjula de Silva told Lanka Business Online.rn
rnThe governments privatisation arm, earlier wrote to the big four audit firms who have international links, to help out with the valuations.rn
rnDe Silva, who joined the organisation recently said PERC was going on a hiring spree to handle the growing number of state enterprises being offered for sale. rn
rnldblquote We want to become a fully professional organisation. The structure we have in mind is to