The government has received a total of nine (09) Expressions of Interest (EOI) from potential investors for the acquisition of shares in Hotel Developers Lanka Limited.

Issuing a statement, the Ministry of Finance said in October 2023, that the government, via the Ministry of Finance, called for EOIs from potential investors for the acquisition of shares in Hotel Developers Lanka Limited. 

The deadline for the submission of proposals ended at 2 pm on Thursday, November 16, 2023. 

The Ministry said the EOIs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee. 

Nine (09) EOIs were received and will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023, the ministry said. 

The Finance Ministry added that Colliers International Consultancy & Valuation (Singapore) Pte Ltd and its advisory partner Platinum Advisors Pte. Ltd, as Transaction Advisors for the divestiture of Hotel Developers Lanka Limited, will continue to advise the government. 

Hotel Developers Lanka Limited (HDL) is a 100 % government-owned, public-listed Company owning Hilton Colombo. (NewsWire)

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