Construction giant Lilama to be equitised by 2015

The Minister of Construction last week approved and took steps to equitise machinery installation corporation Lilama by next year.

 The corporation will have to file its corporate valuation to the ministry no later than October 30, 2014. The verification and publication of corporate valuation must be performed by December 30.

Further, Lilama will have to submit its equitisation plan to the Prime Minister before February 15, 2015. The ministry also required the corporation to organise an initial public offering before April 15 next year.

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