The Development Bank of Ethiopia intends to sell the collateralized property shown in the table below, repossessed from a defaulted borrower pursuant to the power vested to it under Proclamation No. 97/98 and 1147/2019.
Name of the borrower property |
Property Address |
Type of property |
Plot size |
Auction floor Price (in Birr) |
Level of auction |
Date & time auction |
Alemgenet Trade and Industry PLC |
Addis Ababa Town, Nifas Silklafto Subcity, Wereda 12 |
Buildings, Machinery & Equipment's, Vehicles & Raw materials |
3,967 m² |
213,818,338.64 (Two Hundred Thirteen Million Eight Hundred Eighteen Thousand Three Hundred Thirty-Eight Birr and Sixty Four cents) |
Re-auctioned
|
June 27, 2022 From 10:00 AM to 12:00 AM |
Instructions: