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[Feb 2017] Ethiopian Privatization & Public Enterprise Supervising Agency (PPESA) Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide

Ambo Mineral Water fully privatized

Ambo WaterThe government has transferred 33pc of its remaining shares in Ambo Mineral Water to Ambo International Holding Ltd for 19.7 million dollars. The deal was made between the company and the Ministry of Public Enterprises (MoPE) on December 15 at the ministry’s premises, located in front of the old Emperial Hotel It is part of the government’s plan to transfer shares it owns in

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Privatisation Bid by Three Firms Opens 2015/16 Fiscal Year

The opening privatisation bid for the 2015/16 fiscal year, which has just started, has drawn three bidders for one enterprise and none for the other four.

The last fiscal year was bleak for the Privatisation & Public Enterprises Supervising Agency (PPESA), which was able to privatise just one company.

The latest bid was opened on the afternoon of July 16, 2015 in the presence of bidders’ representatives and procurement officers. The Agency had offered to sell Bilito Siraro Farm, Bahir Dar Textile S.C. and Kombolcha

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Fairfax, American Investment Firm, to Buy 75pc of State-Owned Cork Maker

The Privatization & Public Enterprise Supervising Agency (PPESA) has finally decided to award Ethiopian Crown Cork & Can Manufacturing Industry S.C. (ECCCMI) to Fairfax Africa Fund, LLC, a company that offered 206.2 million Br to purchase 75pc of the state owned enterprise.

On March 5, 2015, the agency made an opening for three companies, ECCCMI, Agricultural Mechanisation Services Enterprise, and Bilito Siraro Farm. Moreover, two companies, Bahir Dar Textile S.C and Kombolcha Textile S.C were made available by the Agency

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