The interim government plans to sell ownership of 32 Beximco Group companies as a solution to ongoing worker unrest over unpaid wages. At a 28 November meeting, Janata Bank was instructed to finalize an Expression of Interest (EoI) for selling “B” category companies, which include 16 textile and garment factories, by 9 December. Beximco owes Janata Bank Tk23,407 crore, with 83% classified as bad loans. Additionally, 136 non-operational “C” category companies will be shut down after clearing three months’ wages. Beximco Pharmaceuticals, a profitable “A” category company, remains operational. Foreign investors’ interest in acquiring Beximco assets has also been noted.
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