Lanka Hospitals and SlT to go private…..

The Cabinet of Ministers has given preliminary clearance for the sale of the Treasury Secretary’s holdings in Lanka Hospitals PLC and Sri Lanka Telecom PLC (SLT), the Treasury Secretary has informed the boards of directors of both organizations.

As a result, the Treasury Secretary notified the boards of directors of SLT and Lanka Hospitals that the Cabinet of Ministers had given its consent in principle for the sale of the Treasury Secretary’s stake in each company.

The businesses have disclosed that the Cabinet of Ministers has given them permission to sell the government’s shareholding in two businesses, Lanka Hospital PLC and Sri Lanka Telecom PLC