Asset valuation, business valuation and due diligence of the state-owned company Ethiopian Shipping and Logistics Services Enterprise (ESLSE)

The Support and Study Office for ESLSE with Ethiopia's Ministry of Transport, asked SOFRECO to carry out the asset valuation, business valuation and due diligence of the state-owned “Ethiopian Shipping and Logistics Services Enterprise” (ESLSE). This assignment was part of the Ethiopian government's strategy to open some sectors of activity up to foreign investment.
All the merchant vessels of ESLSE fleet (comprising 9 multi-purpose and 2 tank vessels) were inspected for valuation. Asset valuation was also performed for the rolling stock (including 440 trucks), the lifting and handling equipment, the Addis Ababa offices, the dry ports buildings and warehouses and for the ESLSE buildings in Djibouti.