Provincial Government hires firm to review of provincial assets

The provincial government has taken the first step in reviewing provincial assets. Investment bank and financial services company Rothschild & Co. has been hired to provide the government with a strategic review of all assets and consideration of potential opportunities.

Reviews will be conducted into the province’s oil and gas holdings, the Newfoundland and Labrador Liquor Corporation, provincial registries and Marble Mountain.

No decisions will be made in this phase.

The review is expected to take about three months to complete.