Mo Ibrahim in bid to buy Ethiopian brewery Meta

by yeEthiopiaforums

The MAB Consortium that includes Satya Capital, a firm chaired by Dr Mo Ibrahim announced that it has taken part in the bid to hold the state brewery, Meta Abo, in a joint venture (JV) with the government.
The evaluation process of the five local and international companies to select one for the JV management of Meta was disclosed by Privatization and Public Enterprises Supervising Agency (PPESA), an entity that has a mandate to control state enterprises.
According to information obtained from Goh Capital Partners PLC, one of the three partner groups under the consortium and a local registered consultancy firm, MAB is the sixth company to participate in Meta’s bid process.
MAB, a consortium that is established by three groups from financial investors, brewery management experts group and Goh has offered its financial and technical document to PPESA together with five other
Demesse Assefa, owner and head of Goh, told Capital that four private equity fund firms; Satya Capital, Helios Investment Partners, Investec Asset Management and Capital International Funds are part of the financial side of the consortium and Wanderers Brewery Consulting Group, a management firm that has decades of experience in the sector, and Crewe Industrial Service LTD, a firm that is planting industries, are the foreign companies partnering with Goh, working to increase foreign direct investment and consulting overseas companies to invest in Ethiopia.
The consortium has an interest in managing 50 plus shares of Meta and offered about 100 million dollars to win the JV process.

Read More from: CapitalEthiopia

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