According to Sri Lanka’s State-Owned Enterprises Restructuring Unit, fourteen companies have expressed interest in acquiring Litro Gas Lanka Ltd. (LGL) and Litro Gas Terminals (Pvt) Ltd. (LGT).
The government invited potential investors to submit their Requests for Expression of Interest (REOI) on January 16, 2024, with the proposal deadline ending on March 15.
The received REOIs were evaluated by the Special Project Committee following the Special Guidelines on the Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.
Deloitte India serves as the Transaction Advisor for the Strategic Divestiture of Litro Gas Lanka Ltd. (LGL) and Litro Gas Terminals (Pvt) Ltd. (LGT).
The following companies have responded to a REOI:
- Epdesa Pte Ltd, Singapore
- Bharat Petroleum Cop. Ltd., India
- Ayaz Anonim Sirketi, Republic of Türkiye
- SiamGas and Petrochemicals Public Company Limited, Thailand
- BGN Int DMCC, UAE
- Confidence Petroleum India Limited, India
- OQ Trading Limited, UAE
- Tristar Group, UAE
- Laugfs Gas PLC, Sri Lanka
- United Petroleum Holdings, Malaysia
- Vitol Asia Pte Ltd., Singapore
- Infinity NGC, Sri Lanka
- China National Aero Techno, Sri Lanka
- Consulting Engineers & Contractors, Sri Lanka
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