GuySuCo’s assets to be valued by international accounting firm
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.