ISLAMABAD, April 2: The Privatization Commission on Saturday invited expressions of interest (EoIs) for the privatization of 85.29 per cent shares of Mustehkam Cement Limited (MCL) held by SCCP, the holding company. An official announcement issued here said the commission had asked the interested parties to submit their EoIs along with investor profile and a non-refundable processing fee of Rs15,000 latest by April 18, 2005. A summary profile could be obtained free of coast from the commission. Prospective bidders could visit the site on any working day or prior appointment with the Privatisation Commission. The parties furnishing EoIs will be provided a detailed information memorandum, bid documents and timeframe for the pre-bid conference and bidding date. MCL was a public limited company listed on the stock exchange. The original unit commenced its production in 1966, while the new unit started commercial production in 1981. The company produced Portland cement.
