HBFCL privatization: PC signs FASA with KPMG-led consortium
ISLAMABAD: The Privatisation Commission has signed a Financial Advisory Services Agreement (FASA) with a consortium led by KPMG for the privatisation of House Building Finance Company Limited (HBFCL), said a press release on Sunday. The consortium brings together established expertise in financial advisory, transaction structuring and execution to support the Privatisation Commission in taking…
The Privatization Commission has entered into a Financial Advisory Services Agreement (FASA) with a consortium led by KPMG, according to a statement released on Sunday. The consortium comprises seasoned professionals specializing in financial advisory, transaction structuring, and execution. Their role is to assist the Privatization Commission in advancing the privatization process for House Building Finance Company Limited (HBFCL), as highlighted in the press release by the Privatization Commission.
This marks the second attempt to privatize HBFCL, indicating a renewed commitment from the Privatization Commission. The previous attempt only identified a single qualified bidder, Pakistan Mortgage Refinance Company Limited (PMRCL), but the bid was ultimately rejected due to being below the reference price set by the federal cabinet.
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