GuySuCo’s as­sets to be val­ued by in­ter­na­tional ac­count­ing firm

Stabroek News Sunday - - WEEKEND MAGAZINE -

All of the as­sets of the be­lea­guered GuySuCo are soon to be val­ued by an in­ter­na­tional ac­count­ing firm which will also see a prospec­tus com­pleted by the end of Jan­uary next year as ef­forts speed up for pri­va­ti­za­tion and/or di­vest­ment of sugar es­tates. This was dis­closed yesterday in a re­lease by the Spe­cial Pur­pose Unit (SPU) un­der the gov­ern­ment hold­ing com­pany, NICIL. A re­lease from the SPU re­ported the Head of the Spe­cial Pur­pose Unit Colvin Heath-Lon­don as an­nounc­ing yesterday that the se­lected ten­der for In­ter­na­tional Fi­nan­cial Ser­vices Provider has closed. It is un­clear if this ten­der was dis­cussed with sugar stake­hold­ers here. The SPU said that se­lected ten­ders were in­vited from Price­wa­ter­house­Coop­ers, Ernst & Young, Deloitte, and KPMG to pro­vide ser­vices to the SPU as In­ter­na­tional Fi­nan­cial Ser­vices Provider. The re­lease said that the se­lected In­ter­na­tional Ser­vices Provider would be un­der­tak­ing the val­u­a­tion of all as­sets un­der the con­trol of GuySuCo, in ad­di­tion to other ad­vi­sory and fi­nan­cial ser­vices.

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