Five shortlisted to submit tenders for Seylan

Financial Times

Five shortlisted to submit tenders for Seylan

Five out of the six parties who submitted applications to the Central Bank (CB) on the Expressions of Interest (EoIs) to recapitalize Seylan Bank (SB) on Friday were shortlisted to submit their bids and they will be notified during this week, according to informed sources.

The sources didn’t divulge which parties were selected. CB called EoIs from local, international parties and / or consortiums to be a strategic partner of SB two weeks ago. John Keells Holdings, NDB, LOLC and Sampath Bank submitted EoIs along with two other investors.

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