$6m for the sale of the GPSD

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The Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum receives the cheque from FHL board chairman Adrian Sofield, CEO Nausab Fareed and FHL board member Litiana Loabuka. Picture: SUPPLIED

A CHEQUE of $6 million was presented to Government for the sale of the Government Printing and Stationery Department (GPSD) as part of its divestment.

In receiving the cheque that completes the sale to Serendip Investment Limited, the Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum highlighted the opportunities that exist with this privatisation such as investment in better technology and being able to compete for business in other parts of the Pacific.

“We are quite ecstatic about this particular divestment and indeed the outright sale of this Government entity and I have told the FHL board that with Government’s vision to get more private sector participation in the divestment space there will be other opportunities.”

Serendip Investment is owned by Fijian Holdings Limited which has 75 per cent shares while the rest of 25 per cent is owned by Sri Lankan company Aitken Spence.

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