THURSDAY, 11.30AM
THE Airports Company is moving full speed ahead to partial privatisation, with government tendering for a transaction adviser to oversee the sale of a 49% stake in the parastatal.
Airports Company MD Dirk Ackerman said on Wednesday that successful negotiations over the past few months between management, labour and government had led to agreement that a minority stake in the company be sold, but that this would require a transaction adviser to oversee the process.
The government tender invitation specifies a deadline for applications on July 14.