The Privatisation Commission (PC) has received financial and technical bids from seven prequalified consortiums comprising local and international companies for the post of financial adviser on the privatisation of the 19 airports run by the Civil Aviation Authority (CAA). The bidding consortiums identified by the PC are:

ABN AMRO Asia with First Capital Securities Corporation, Portland Group and KPMG Taseer Hadi Khalid & Company, all local, and the the UK's Sidley & Austin

Al-Faysal Investment Bank with the local ADCON Engineering, Australia's Ambidji Group and the UK's Coopers & Lybrand

ANZ Investment Bank with British Aerospace Consultancy Services, Clifford Chance and WS Atkins International, all of the UK, and the local Sidat Hyder Morshed Associates

Arcadis-Bouw Infra of the Netherlands with the local BMB Management Consultants, Lease Pak, Fidelity Investment Bank, Cornelius, Lane & Mufti and the Aviation Consultants Group

Bank of America with the UK's Linklaters & Paines and Alan Stratford & Associates

Jardine Fleming with Fleming Investment Banking and Halcrow Group, all of the UK, Italy's Airporti de Roma, and Anjum Asim Shahid & Company and Haidermota & Company, both local

Germany's Treuhand Osteuropa Beratungasesellschaft (TOB) with the UK's Falcon Consultancy and the local Nexus Group.

The PC is now expected to shortlist three consortia to hold detailed discussions with them. A consultant is scheduled to be appointed by the end of October (MEED 10:7:98).