ISLAMABAD, July 30: The Privatization Commission has announced fresh bidding schedule for Thatta Cement Company Limited, which was earlier scheduled on July 26, and postponed on the request of the prospective bidders.

According to the new schedule announced here on Wednesday, the bidding for TCCL will be now held on August 28, while a pre-bid meeting for better understanding of the transaction will take place on August 16.

The last date for submission of earnest money is August 26. The Privatization Commission has allowed those bidders who had not submitted EoIs earlier to avail this opportunity and submit fresh EoIs.

Those who have already submitted EoI/processing fee have been asked to reaffirm their interest in the acquisition of TCCL. The Privatization Commission had received seven expressions of interest (EoIs) from the interested parties for the purchase of minimum of 90 per cent shares of TCCL on ‘as is where is’ basis.

The parties include: Afzal Motors, Peshawar; Kohat Cement Company Limited, Lahore; Shirazi Investments (Pvt) Limited, Karachi; Employees Management Group of Thatta Cement Company Limited, Thatta (Sindh); Tariq Sayeed and Associates, Lahore; United Bank Limited, Karachi; and Universal Navigation and Trading (Pvt) Ltd, Karachi.