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[Oct 2017] Artistic Printing Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Investors Ink Acquires Artistic Printing Press

A joint venture of two local companies has finally inked a deal with the Ministry of Public Enterprise (MoPE) for the total acquisition of the Artistic Printing Enterprise at a total cost of 329 million Br. The share company of Feleke Trading and Corporate Computer Center has paid 35pc of the total offer before it made the official signing with the Ministry.

The deal has come after almost seven months of delay to reach the final agreement. It was in November 2015 that the two companies bid for the Enterprise and listed their

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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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