Privatization Kicks Off the Year with Auction Adjustments

The Privatisation and Public Enterprises Agency (PPESA) plans to auction 20 companies this fiscal year, three companies making their debut on the auction block. A tender for five of the companies was floated last week with the bid closing date set for October 22, 2013. 

In this first batch, the Agency has offered those enterprises that failed to attract any offers the previous year. These are - Ghion Hotel Addis, Agricultural Mechanization Services Enterprise, Transport Construction Design SC., Artistic Printing Enterprise and Weyra Transport S.C.

The three companies to be newly-offered for privatisation this year are Langano Resort, Ethiopian Pharmaceutical Manufacturing S.C. and Natural Gum Production and Marketing Enterprise. 

Full story on Fortune Sunday, Auguest 25, 2013 Issue. 

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