The Special Purpose Unit (SPU), which was set up to spearhead the divestment and privatization of GuySuCo assets, yesterday moved one step closer to selecting an accounting firm to provide a valuation of assets belonging to the sugar company.
In a statement, Colvin Heath-London, who heads the SPU under the National Industrial & Commercial Investments Limited (NICIL), announced yesterday that the second stage in the process of selecting an international financial services provider was conducted.
According to the statement from the SPU, only three of the four firms invited to participate in a restricted tender process met the October 30 deadline for submissions. A previous statement, on October 30, claimed that all four firms had met the deadline.
