Cabinet gives 'Approval in Principle' for divestment of shares in SLT & Lanka Hospital

COLOMBO (News 1st); Sri Lanka's Cabinet of Ministers have granted their approval in principle for the divestment of major shareholding in Lanka Hospitals Corporation PLC and Sri Lanka Telecom PLC.

Sri Lanka Telecom PLC in a letter to the Colombo Stock Exchange noted that the Treasury Secretary has informed the Board of Directors of SLT that the Cabinet of Minister granted its approval in principle for the divestment of the state held by the Secretary to the Treasury in SLT.

It added that the divestment will be implemented by the State-Owned Enterprise Restructuring Unit established under the Ministry of Finance.

Lanka Hospitals Corporation PLC informed the Colombo Stock Exchange that the Secretary to the Treasury has conveyed that an 'Approval in Principle' was granted by the Cabinet of Ministers for the divestment of the major shareholding in Lanka Hospitals Corporation PLC.