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PC Board nod to invite EOIs
28 December 2010: The Board of the PC, gave go ahead for inviting Expressions of Interests (EOIs) for appointment of Financial Advisors for Pakistan Post Offices Departments (PPOD), National Power Construction Company (NPCC), Heavy Electrical Complex (HEC) and the listing of Islamabad Electric Power Company (Iesco) on the Stock Exchange for its Initial Public Offering (IPO).
According to an official announcement, the Financial Advisors will valuate these entities and suggest the best possible option for taking the transaction forward for their value addition, including corporatisation, revamping, revitalisation, management outsourcing through Public Private Partnership (PPP), divestment of shares through domestic and international Capital markets.
The PC board formed various transaction committees for these entities comprising on PC board members to monitor the progress of the process for ensuring utmost transparency and satisfaction of the all the respective stakeholders.
Source: Businessrecorder