Who will acquire Meta Abo Brewery?

The Privatisation and Public Enterprise Supervision Agency (PPESA) has given five major international breweries three weeks to submit their financial and business proposals for the joint venture (JV) acquisition of Meta Abo Brewery.

Heineken, BGI, Diegeo, SABMiller, and Uni Brou in a JV with Habesha Brewery (HB) were shortlisted by the PPESA on Monday, November 7, 2010, after they had responded to the call for expression of interest (EoI) it had issued. They were given until December 6 to submit their proposals.

Meta Abo, one of the three state owned breweries, has the second largest share of the Ethiopian beer market at 16pc, research conducted by Access Capital in May 2010 showed. Established in 1967 by the government and private individuals with a capital of two million Br, the brewery has a production capacity of 600,000 hectolitres (hl) which comes to 60 million litres, according to the research data.

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