INVITATION TO BID

Bid No.

01/2005

Issued By

Public Financial Enterprises Agency

Bid Doc. Price

Birr 500.00

Published Date

November 1, 2005

Opening Date

March 1, 2006

Remarks

Bid Category

Acquisition (Construction and Business Bank S.C.)

Description

 

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

   

Bids (Tenders) are obtained from "The Ethiopian Herald" which is published by Ethiopian Press Agency. All rights reserved.

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