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1. The
Federal Democratic Republic of Ethiopia intends to sell the whole
(100%) ownership of the Construction and Business Bank S.C. to
domestic investors or groups read and capable of operating and
developing the bank jointly. However, an investor or a group is
allowed to buy only a maximum of 20% of the total shares.
2. The
Public Financial Enterprises Agency therefore hereby invites all
prospective domestic investors to submit bids for the acquisition of
the Construction and Business Bank S.C.
3. The
bid is restricted to domestic investors as defined in the Investment
Proclamation No. 37/1996.
4. Bid
documents will be available in Room No. 430, at the Public Financial
Enterprises Agency, starting Thursday, November 17, 2005.
Interested bidders can obtain the bid document during working hours
upon payment of non-refundable Birr 500.
5. Bidders
shall submit bid bond in accordance with the instructions to
bidders.
6. Bids
shall be submitted in wax-sealed envelopes on or before Tuesday,
February 28, 2006, 5:00 P.M. local time addressed to:
Public Financial Enterprises Agency
P.O. Box 1031
Room No. 430
Addis Ababa
Ethiopia
Bid Notice No. 01/2005
Bid for the Construction and Business Bank S.C.
7.
The bid shall be opened on Wednesday, March 1, 2006 at 10:00
A.M. local time in Room 433, at Public Financial Enterprises Agency,
in the presence of bidders or their authorized representatives.
8. The
Agency reserves the right to accept or reject any or all bids
without giving any reason thereof.
Public Financial Enterprises Agency |
