Invitation for Expression of Interest for divestiture of Litro Gas Lanka Ltd (LGL) & Litro Gas Terminal Lanka (Pvt) Ltd (LGTL)
Published
The Government of Sri Lanka (GoSL) intends to divest all or majority of its equity shareholding in Litro Gas Lanka Limited (LGL) & Litro Gas Terminal Lanka (Pvt) Ltd (LGTL).
COLOMBO, Sri Lanka, Jan. 17, 2024 /PRNewswire/ -- *LGL *engages in importing, filling, distribution and sale of LPG in Sri Lanka. It is the largest LPG supplier in Sri Lanka with a market share of 85% and operates an LPG filling plant in Kerawalapitiya with a filling capacity of 1,600 MTs/day. A second filling plant located at Mabima is under construction.Litro Gas
*LGTL *provides bulk storage and pipeline facilities for LPG. The key storage facility is strategically located at Kerawalapitiya (few Km's north of the commercial capital - Colombo) with a capacity of 8,000 MT.
Surplus land available at Kerawalapitiya for expansion of both storage capacity (LGTL) and filling capacity (LGL).
*Kerawalapitiya
**8,000 MT
*Storage capacity
*1,600 MT/day
*Filling capacity
*Mabima
**Cylinder refurbishment unit , bulk LPG receiving & dispatch facilities + Upcoming filling plant*
*Distribution Network
**42
*Distributors
*14,000+
*Dealers
GoSL will implement this divestiture via its State-Owned Enterprise Restructuring Unit and Deloitte Touche Tohmatsu India LLP (DTTILLP) has been appointed as the Transaction Advisor. The divestiture will be completed through a two-stage competitive bidding process.
Interested parties are invited to access the Request for Expression of Interest document from the following website: https://www.treasury.gov.lk/web/sru-entities-to-be-divested/section/litro-gas-lanka
For additional information please contact:
Sandeep Negi, Partner - Restructuring, DTTILLP, snegi@deloitte.com, +91-9810853754
Manish Sharma, Director - Restructuring, DTTILLP, smanish@deloitte.com, +91-9871675889
Nabiha Mohamed, State-Owned Enterprise Restructuring Unit, Transaction Team Lead, lgl@sru.gov.lk