Saturday, 16 March 2024 08:03

14 firms express interests to buy Litro Gas Featured

A total of 14 Request for Expression of Interest (REOI) have been received from potential investors for the strategic divestiture of Litro Gas Lanka Ltd., (LGL) and Litro Gas Terminals Ltd. (LGT)., the Finance Ministry disclosed yesterday.

Accordingly, Epdesa Pte Ltd., Singapore; Bharat Petroleum Cop. Ltd., India; Ayaz Anonim Sirketi, Republic of Türkiye; SiamGas and Petrochemicals Public Company Ltd., Thailand; BGN Int DMCC, UAE; Confidence Petroleum India Ltd., India; OQ Trading Ltd., 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; and Consulting Engineers and Contractors, Sri Lanka submitted their offers.

On 16 January, the Government, acting through the Ministry of Finance, Economic Stabilisation, and National Policies, released an REOI via international and local media. The REOI sought interested parties for the strategic divestiture of Litro Gas Lanka, and Litro Gas Terminals (LGT). The submission deadline for proposals concluded yesterday.

 

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