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News

State assets sales on track

September 28, 2015 1:17 am

The government expects to make an announcement on the sale of at least one State owned company in about a month’s time.

Public Enterprise Minister Aiyaz Sayed-Khaiyum confirmed on FBCTV’s 4 the Record last night there has been significant progress since the decision to divest.

However, the government has, since the announcement of the sale – turned down some offers.

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“Last year we had made some announcement but none of the sales actually took place. We were hesitant to do it because the pricing wasn’t good. We’re not selling the entire lot to a group of people or a group of companies – we are strategically getting partners.”

On offer are Airports Fiji Limited, Fiji Electricity Authority, Fiji Ports Corporation Limited and Government Printery.

The sale of FEA shares might come last – Finance Minister Aiyaz Sayed-Khaiyum says it’s a large entity to deal with when it comes to divesting shares there needs to be a lot of background work.

The Finance Minister is confident that at least one of the sales will be finalised before the 2016 budget announcement on November 6.

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