Matador sells stake in Addis Tyre – report

ERJ staff report (DS)

Addis Ababa, Ethiopia — Local press reports suggest that Matador AS has sold its 69-percent stake in Addis Tyre to a local businessman.

Addis Fortune newspaper said, “Horizon Plantations Ethiopia Plc, a company owned by Mohammed Ali Al Amoudi, has acquired 69pc of Matador AS’s shares…

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