By Ishara Gamage
Ceylon Finance Today: State-owned Sri Lanka Insurance Corporation Ltd (SLIC) soon will divest its controlling stake of Lanka Hospitals Corporation PLC, government sources on Friday (06) confirmed to Ceylon FT.
"Bids were from Rs 63 and upwards per share," they said. The company's shares closed, up 1.67% to Rs 54.90 a share on Friday. It's however understood that the Government/SLIC will divest its stake to the highest bidder after calling for tenders.
Among those who had evinced interest in the hospital were Hemas, Nawaloka and Asiri, it's learnt.
The government is also planning to appoint new members to the SLIC's Director Board. According to unconfirmed reports, SLIC's controversial Managing Director T.M.R.Bangsa Jayaha will be replaced by 'Maganeguma', Chairman Keith Bernard.
Speaking to Ceylon FT, SLIC Chairman Hemaka Amarasuriya said that he was unaware about such decisions taken by top government hierarchies. Nonetheless, he said that he too was expecting a board reshuffle.
"There may be some changes," he added.
Unveiling the government's economic policy framework......in Parliament on Thursday (5), Premier Ranil Wickremesinghe said that the government will take steps to sell the shares of State Ventures such as hotels and Lanka Hospitals, as they do not match the core competencies of State owner enterprises.
Ceylon Finance Today: State-owned Sri Lanka Insurance Corporation Ltd (SLIC) soon will divest its controlling stake of Lanka Hospitals Corporation PLC, government sources on Friday (06) confirmed to Ceylon FT.
Both SLIC's Life and General funds have a controlling stake of 54.4% of Lanka Hospitals Corporation (formerly Apollo Hospitals) shares.
Sources said that SLIC has so far received several unsolicited bids from leading local private hospital groups and foreign investors.
"Bids were from Rs 63 and upwards per share," they said. The company's shares closed, up 1.67% to Rs 54.90 a share on Friday. It's however understood that the Government/SLIC will divest its stake to the highest bidder after calling for tenders.
Among those who had evinced interest in the hospital were Hemas, Nawaloka and Asiri, it's learnt.
The government is also planning to appoint new members to the SLIC's Director Board. According to unconfirmed reports, SLIC's controversial Managing Director T.M.R.Bangsa Jayaha will be replaced by 'Maganeguma', Chairman Keith Bernard.
Speaking to Ceylon FT, SLIC Chairman Hemaka Amarasuriya said that he was unaware about such decisions taken by top government hierarchies. Nonetheless, he said that he too was expecting a board reshuffle.
"There may be some changes," he added.
Unveiling the government's economic policy framework......in Parliament on Thursday (5), Premier Ranil Wickremesinghe said that the government will take steps to sell the shares of State Ventures such as hotels and Lanka Hospitals, as they do not match the core competencies of State owner enterprises.
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