S.A. Bagersh PLC provides farming, roasting, and packaging, and distribution of coffee. The company was founded in 1943 and is based in Addis Ababa, Ethiopia.
P. O. Box 1269
Addis Ababa, 1000
Founded in 1943
251 11 6620925
251 11 6620827
Six State Coffee Farms And Four Other Enterprises May Officially Handed Over To Private Investors
Sep 15 16
The Privatization and Public Enterprises Supervising Agency (PPESA) is expected to give a final decision with regards to Awash Wine Share Company, Batu Construction, the villa house of Batu Construction, Construction Works and Coffee Technology Development Enterprise, Ghion Hotels Enterprise and seven coffee farms that are under Limu Coffee Plantation Development Enterprise and its head office located in Jimma town. The Agency's Board is the last entity to approve the sale of any public enterprise and they are expected to approve the transfer to the bid winners. Wondafrash Assefa, public relations head of PPESA, told Capital that the bid evaluation document was submitted to the board chaired by Aster Mamo, Government Whip in Parliament, on September 13, 2016. "The board is expected to give a final decision this coming Friday," the head of public relations explained. On August 8, 2016 interested bidders appeared with their offers to buy the public enterprises. Construction Works and Coffee Technology Development Enterprise, and Ghion Hotel are the only enterprises that did not attract interested buyers. Horizon Plantation Ethiopia Plc was the only company that offered a huge bid amount to own the six farms and the head office. Horizon offered a total of ETB 1.184 billion for the ownership of six farms and the head office of Limu Coffee Plantation located in Jimma town. Goma I, Goma II, Cheleleki, Gumer, Suntu and Soka are the six farms that were offered during the bidding process under Limu Coffee Farm. According to Horizon's bid document it offered ETB 266.6 million as a maximum price for one of the six farms and a minimum price of ETB 70.9 million. The company has also offered ETB 60.4 million for the ownership of Limu Coffee Plantation head office. Horizon proposed to buy the whole farm with a 35% upfront payment and 65% of the payment to be paid over five years. S.A. Bagersh PLC has also offered ETB 186.1 million for Goma I and the head office and ETB 174.1 million for Goma II. Mulege Plc has offered the highest amount of ETB 186.1 million to own Goma I and ETB 20 million for the farm head office. Awash Winery had a bid offering lower than ETB 270 million from Basbery Investment Holdings Limited with a 100% payment. For the ownership of Batu Construction SC and Batu Construction SC villa house Muller Industry PLC and Ascu Batu PLC have been offered their bid respectively. The companies have offered ETB 119 million for the construction enterprise and ETB 10.1 million for the Villa, while the floor price is ETB 118.7 million and ETB 6.29 million correspondingly. Construction Works and Coffee Technology Development and Engineering Enterprise was also on the bid table but did not get any bidders.