Sri Lankan leftist government begins privatisation

Sri Lanka calls for Expressions of Interest for divestment of Canwill Holdings. - https://opportunitysrilanka.com/

COLOMBO: Sri Lanka's leftist government said Tuesday (May 27) it was selling a failed hotel project, marking its first privatisation move in line with an IMF bailout.

Government spokesperson Nalinda Jayatissa said the cabinet had agreed to revive the previous administration's stalled process "of disposing of shares in Canwill", a fully state-owned company established in 2011 to operate hotels.