Advisor wanted for IBP disinvestment

Vol 4, PW 20 (08 Nov 00) News in Brief

At last something official on the IBP disinvestment.

On 1st November an advert appeared for the "engagement of an advisor for disinvestment" of the state's 33.58% stake to a "strategic investor". A key responsibility, reads the notice, would be to "suggest measures to enhance the sale value, prepare a detailed information memorandum, market the offer, invite and evaluate bids, assist during negotiations with prospective buyers, draw up the sale or other agreements and advise on post-sale matters." Bidders have until 1700 hours, 16th November to deposit Rs20,000 ($434) and an "Expression of Interest." Forms are available at: