The 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... Read More
[Dec 2017] Ministry of Public Enterprises Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz
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... Read More
Japan Tobacco Seals $510m dear to buy 40pc share of shares of National Tobacco Enterprise (Ethiopia) S.C
Japan Tobacco International (JTI) has finally sealed a deal, following its record high offer in Ethiopia’s privatisation history – half a billion dollars for the acquisition of 40pc of the National Tobacco Enterprise.
The deal between the Ministry of Public Enterprises and Japan International Tobacco was... Read More