Nine investors have responded to a proposal forwarded by the the Government acting through the Ministry of Finance, Economic Stabilisation and National Policies when Expressions of Interest (EOI) from potential investors for the acquisition of shares in Hotel Developers (Lanka) Limited. (Colombo Hilton Hotel) were called via international and local media on October 9, 2023.
The deadline for submission of proposals ended at 2 p.m. on Thursday, November 16.
The EOIs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee. Nine EOIs were received and will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023. Colliers International Consultancy & Valuation (Singapore) Pte Ltd and its advisory partner Platinum Advisors Pte. Ltd, as Transaction Advisors for the divestiture of Hotel Developers Lanka Limited, will continue to advise the Government.