Two of PPESA’s nine companies attract bids

  • PDF

Addis Ababa, 25 April 2014 (WIC) – Two of the nine companies floated by the Privatization and Public Enterprises Supervising Agency (PPESA) attracted bids, the agency said.

The companies include Weyra Transport SC and a villa house registered under Batu Construction SC, Wondafrash Assefa, PPESA’s corporate communication director, said.

According to the director, Weyra Transport SC, whose index price was set at 266 million birr, attracted a bid from Trans Ethiopoia SC which submitted two million birr more than the floor price.

The villa house registered under Batu Construction SC attracted four bids – Bedru Mohammed, Dr. Abate Bane, Adera Medical Center and Sister Anchinalu offering 11.99, 11.8, 9.5 and 7.9 million birr, respectively, Wondafrash disclosed.  

“The agency’s board will meet soon to pass a decision,” Wondafrash told WIC adding that PPESA will refloat the enterprises which failed to attract any bidders.

These enterprises include - Kombolcha Textiles SC, Agriculture and Mechanization Services Enterprise, Bahir Dar Textile SC, Natural Gum Processing and Marketing Enterprise, Transport Construction Design SC and Shebelle Transport SC.

A bid document submitted for Ethiopian Mining Development SC by the Israeli Elenilto
Group, the sole company which showed interest, failed to indicate price and was found to be incomplete - leading the agency to reject the document, Wondafrash said.




Subscribe to get latest news

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday25108
mod_vvisit_counterYesterday27004
mod_vvisit_counterThis week125148
mod_vvisit_counterLast week208463
mod_vvisit_counterThis month591936
mod_vvisit_counterLast month1147369
mod_vvisit_counterAll days( since may 28, 2013)14145395

We have: 195 guests, 44 bots online
No: 54.196.197.153
 , 
Today: Aug 21, 2014