M a r k e t N e w s

Asella Malt Receives USD 48.8 Million Offer

Posted on : Wednesday , 18th April 2018

A huge bid of USD 48.8 million has been accepted for the  Asella Malt Factory after it was made available for purchase by the Ministry of Public Enterprises (MoPE). This move was a part of the present privatization drive ongoing in Ethiopia. The Asella Malt Factory, now joins a list of highest offer companies, following the USD 944 million offer made to acquire the National Tobacco Enterprise (NTE) by Japan Tobacco International and the USD 225 million offer made by Diageo Plc for Meta Abo Breweries S.C. 

 
The Asella Malt factory was established in 1984 and has been a key enterprise in Ethiopia ever since. It has been one of the biggest malt providers in the country along with Gonder Malt, which is owned by Dashen Breweries. 
 
Asella Malt directly manufactures 40 percent of the the local malt demand in Ethiopia. The rest of the demand is met by imports.
 
It is also an immediate provider to seven different distilleries in the country with a generation capacity of 12.6 million hectoliters of lager which requires at least 236,280tns of malt annually. 
 
The paid-up capital of Asella Malt was raised from USD 775,959 to USD 8.45 million, after new directions that were endorsed by the Council of Ministers (CoM). 
 
“The government will privatise all state-owned enterprises step by step as a strategy,” said Wondarfash Assefa, communications director at the Ministry.
 
Since the inception of the ministry twenty years prior, it has successfully privatized 377 public companies with 96 percent of all payments settled in full. 87 percent of these companies were transferred to local buyers.

Source : bizmap.com
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • Symega is a reliable producer of food ingredients and has supplied to many of the finest food processors in different parts of the world.
  • Dairy Products
  • OASIS is a subsidiary of OASIS International. The OASIS brand is the recognized worldwide leader in the design and manufacture of bottled and pressure water coolers.
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • VAPA Burners established in 1960, is the pioneer in manufacturing gas fired infrared burners in Lebanon.
  • Sunshine is one of the leading prestigious fast developing firms in the field of Import & Export Company all over the Globe.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • We are a prominent packaging company based at industrial heart of Ahmedabad city.
  • Manufacturing of ice cream cones, sugar cones. Soft serve ice cream powder mix.
  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
  • Sonarome has supplied customers with quality flavours and fragrances.
  • Richfield Industries is a part of one of the fastest growing industrial and services conglomerate with projected turnover of Rs.1000 crore.
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • Packing Materials & Machines, Packing Materials & Machines manufacturer.
  • Wide Range of Food Products.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Dairy Products,Beverages,Ice Creams;etc.
  • Gateway to Global Food B2B Marketplace
  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  • The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade