World’s leading financial advisory asset manager, Lazard to assist SL
World’s leading financial advisory asset manager, Lazard to assist Sri Lanka in divesting large non strategic assets

World’s leading financial advisory asset manager, Lazard to assist Sri Lanka in divesting large non strategic assets

An international delegation from one of the world’s top advisory and asset management firms, Lazard is to look at how best the government of Sri Lanka could look at divesting and getting foreign direct investments (FDIs) for large non-strategic assets like hotels in the island nation.
The US$ 2.7 billion global financial advisory firm in conjunction with MTI Consulting is reportedly planning on meeting officials of the Sri Lankan government to discuss how Lazard could work with the government in its attempt to divest and attract foreign investments for its large non-strategic assets.
Lazard is a leading international investment bank dedicated to financial advisory and advises on many of the largest and most complex transactions.
Lazard has a world leading sovereign advisory team advising governments and public entities, advising on more notable transactions than its competitors, reports state.
Accordingly, Lazard has US$ 249 billion of assets under management globally and its asset management business serves a diverse global client base.
Sri Lanka’s leading strategy consultancy, MTI Consulting has stated that in Sri Lanka some of the top corporate organizations have benefitted from MTI’s expertise over the last two decades.

OSL take:

The entrance of the world’s leading financial advisory and asset management firm, Lazard to assist in the divesting and looking for foreign investors for large scale non strategic assets in Sri Lanka, especially hotels, indicates the opening up of large scale investment opportunities in the island nation. The involvement of a global name in the process would help build confidence among foreign investors to look at the opportunities in Sri Lanka.

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Article Code : VBS/AT/20180207/Z_1

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