Update: 11:07AM GOVERNMENT’S plans to sell assets in 2014 and this year did not materialise because of the general election, says Attorney General and Finance Minister Aiyaz Sayed-Khaiyum.
“The Fiji First Government has been focused on getting the
right strategic partner at the right price,” he said while delivering the 2016
National Budget in Parliament.
He said while the divestments were taking longer than
expected, Prime Minister Voreqe Bainimarama had signed an agreement for partial
divestment of shares in Fiji Ports Corporation Limited with renowned company,
Aitken Spence.
“The divestment of shares plus some residual payments will
net the Fijian Government a total of approximately $100m for 59 per cent of the
company,” he said.
