The Fiji National Provident Fund has successfully acquired 20% of Energy Fiji Limited shares.
While making the announcement, the Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum says these shares were bought by FNPF at a value of $220 million.
Sayed‑Khaiyum says 24% of the shares are still available.
Meanwhile the Chairman of EFL, Daksesh Patel says this is a milestone for EFL.
Patel says there has never been any interference from the Prime Minister and the Attorney General in his 3 years of chairmanship.
He says that this has resulted in where EFL is at today.
Chairman of FNPF, Ajith Kodagoda says the Fund has been looking for opportunities offered through government shares divestment program for some time and this has come in a timely manner.