Gov’t announces $140m buy-back of LSL, RIPEL
PRIME Minister Jeremiah Manele has announced a $140 million buy-back of prime land jointly owned by Levers Solomon Ltd (LSL) and Russell Island Plantation Estate Ltd (RIPEL) in a move which has taken everyone by surprise. Funds for the purchase would be raised by sale of Treasury Bonds to State-owned Enterprises (SOEs) such as Solomon…