On March 29, 1999, the Cape Breton Development Corporation, DEVCO, advertised nationally its requirement for financial advisory services in respect to the sale of its assets. The closing date for proposals was April 27, 1999. It is expected that Devco will engage a financial advisor in early May. At that time, the financial advisor will begin preparation of an information package for prospective purchasers. Private sector interest in Devco's assets will only be known after the information package is available and bids have been received.
In the House of Commons on May 3rd, 1999. See this statement in context.