Privatisation push
THE privatisation programme seems to be moving forward — finally. Eleven prospective investors have now submitted expressions of interest for Gepco following a similarly strong response for Fesco earlier this month, with Iesco’s deadline still to come in September. The PIA sale appears to have supplied the push this programme needed — proof that the government is ready to wash its hands of businesses it should not have involved itself in. What makes the Discos’ response more encouraging than PIA’s is who is showing up. Turkish and Saudi investors are in the mix for both Gepco and Fesco, and Fesco........
