Majority shareholder of Intercity STC, Social Security & National Insurance Trust (SSNIT) says it is scrutinizing a number 0f investors who have expressed interest in buying the ailing transport company.
Currently PricewaterhouseCoopers, a multinational professional services network is advising the board on the way-forward.
SSNIT together with government have agreed to offload SSNIT’s shares in the company. Government currently owns 20 percent of the transport firm while the remaining 80 per cent is owned by SSNIT.
It unclear how much shares will be offloaded by SSNIT.
The Director General of SSNIT Ernest Thompson, made the revelation to Ultimate radio when he visited Kumasi for an official inspection of some SSNIT offices and investments.
He said SSNIT’s final decision on STC will be in consultation with government to decide on a strategic investor.
The Director General noted that the move to offload the shares is part of efforts to revive the fortunes of the transport company. SSNIT acquired the 80 per cent stake in STC in 2003 after Vanef Consortium, which had bought that stake could not raise funds to pay for them.
