Oromia’s Agr. Coop submits highest offer in Assela Malt bid
Oromia Agricultural Cooperative Ltd listed the highest offer to acquire Asela Malt Factory in order of 1.34 billion birr, it was learnt.
At the bid opening held today at the Ministry of Public Enterprise, it was announced that three more firms have managed to submit their price offers besides the Cooperative: Calypso Agribusiness Ltd, Souflet Ethiopia PLC and Malt Africa.
In this respect, the second highest which is USD 42 million came from Malt Africa, a sister company of Bavaria, a major Shareholder in Habesha Brewery.
The bidders will be evaluated on the basis of both technical and financial proposals they have presented before an award is made for the winner.