Cherry Picking

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.


Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank.
ldblquote It wont be an open tender process, dblquote Bank Chairman Lal Nanayakkara told members of the Public Review Committee at the Finance Ministry on Thursday.rn

rnldblquote Investors will be carefully screened and perhaps even invited to invest, subject to Central Bank approval, dblquote he said.rn

rnA financial advisor, PricewaterhouseCoopers was appointed in September to prepare a confidential information memorandum to given to prospective suitors.rn

rnNanayakkara says the search for a suitor will begin in the first quarter of 2004, when the advisor is expected to finalize the information memorandum.rn

rnThe restructuring process was originally scheduled to have been completed by end 2003. With political uncertainty rising, the bank may find it difficult to complete the process.

online pharmacy buy abilify with best prices today in the USA


buy elavil online https://qpharmacorp.com/wp-content/uploads/2023/08/png/elavil.html no prescription pharmacy


buy rybelsus online http://sinusys.com/images/icons/png/rybelsus.html no prescription pharmacy

rn

rnThe bank needs about three billion rupees to bridge a shortfall in

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x