Two of PPESA’s nine companies attract bids

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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.