National Alcohol Factory receives US$131.3m acquisition offer in a privatization drive

ETHIOPIA – The state-owned manufacturer, National Alcohol & Liquor Factory (NALF) has received US$131.3 million acquisition offer from Lominat Beverage in the government’s move to privatize the company. Lominat Beverage Plc, also reported by the Fortune to be constructing a beverage bottling company in Modio town, offered the highest bid ahead of Pure Beverages Plc, a distributor of non-alcoholic beverages which had provided US$62.02m. Also among the 97 bidders that purchased the bid document and submitted their offers was Metadel Manufacturing Plc, who proposed to buy the company for US$54.72…

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