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Pvt
Board initiated offloading shares of two more companies. |
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News |
April 27, 2000
Dhaka,
Apr 26 (UNB) - Privatization Board today initiated the process of
offloading government shares of two more multinational companies. The
government has 50 percent shares of both Van Ommeren Tank Terminal
Bangladesh Ltd and International Oil Mill Ltd. Dutch
company Van Omeran Tank Terminal will buy the total government shares of
both the entities at Tk 10.10 crore. Henk
W Schop, the company’s vice president handed over cheques of 20 percent
sale proceeds as down payment to PB Chairman Kazi Jafarullah at a function
at the Board’s conference room. Van
Ommeren Tank Terminal set up the tank storage, tanker shipping and tank
transportation plant at Patenga, Chittagong in 1969. The government shared
50 percent of the enterprise’s 12 lakh shares valued Tk 10 each. The
government is selling its 6 lakh shares at Tk 6.60 crore at the present
market rate of Tk 110 each share, said a Privatization Board press
release. On
the other hand, the government shares in International Oil Mills Ltd will
cost Tk 3.5 crore as per present market price of Tk 355 each. The
government had 50 per cent ownership of the entity’s 197,200 shares,
each having a face value of Tk 100. ADB
representatives Dr Omkar Shreshtha and Dr Narahari Rao, Board members SM
Jakaria and NG PAUL, Board Directors KC Shaha and M Saidur Rahman and MD
of Van Omeran Nazmul Huq Chowdhury attended the function.
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