1999News

10 groups pre-qualify to bid for CEA’s sugar mills

Gabriel del R?o Do??, a member of the body charged with overseeing privatization, the Commission for the Reform of Public Enterprise (CREP), told reporters that 10 groups have "pre-qualified" to bid for the sugar mills presently owned by the State Sugar Council (CEA). To "pre-qualify" – be approved to participate in the bidding – the groups had to submit specified documentation by June 23rd. Twelve firms filed, but only 10 filed all the required documentation. CREP has yet to announce the names of the firms approved to bid. The actual bidding is slated for mid-August, although a specific has not yet been announced.