Trade Ministry Handles 1b Br of Acquisitions and Mergers

April 9 , 2022


Trade Ministry Handles 1b Br of Acquisitions and Mergers

The Ministry of Trade & Regional integration processed the acquisitions and mergers of 39 local companies with a value of 1.08 billion Br over the first eight months of the financial year. The firms involved were engaged in technology, health services, construction, agriculture, and manufacturing. The Ministry also handled cross-border acquisitions and mergers of eight companies with a registered capital of nearly 24 billion Br. The value of the acquisitions and mergers is estimated at 76.9 million Br. Its officials have also passed decisions on the acquisition of seven companies through the Common Market for Eastern & Southern Africa (COMESA). These companies transact over 252 million dollars through their regional offices in Ethiopia, according to a report availed by the Ministry.


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