Committee, advisor to decide on SPP sell-offs

A privatisation commission for the sale of a 49% stake in gas utility SPP, along with privatisation advisor Credit Suisse First Boston, are to decide within two weeks how many of SPP's non-core business properties to sell off before the entry of a strategic investor.

The government is expected to launch a tender for the stake at the end of this month. The firm, the world's second largest gas distributor, has been valued at between $6 and $8 billion.

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