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[Nov 2017] Rift Valley University Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Tiret Corporate to take over Bahir Dar and Kombolcha Textile Share Companies

The Prime Minister Office has given the order to Ministry of Public Enterprises (MoPE) to transfer Bahir Dar Textile S.C, and Kombolcha Textile S.C, to Tiret Corporate, an endowment company affiliated to the ruling party in the Amhara Regional State. However, the transfer will be made at a price lower than expected.

Tiret offered 450 million Br and 315 million Br for the acquisition of Kombolcha and Bahir Dar textile factories, respectively. It has been informed of the decision and is expected to sign a contract soon. Registered as

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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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