ECX Seat Attracts Single Bid
The Ethiopian Commodity Exchange was only able to attract a single bidder for the seat it offered for bid. The seat was put on sale through the exchange after Ural Industries to relinquish its seat on the ECX.
The only interested bidder for the sea was Dejen Industrial plc which made an offer of 1.3 million birr for the seat on the exchange.
It is to be remembered that the trade volume of the exchange reached 21 billion birr in the last financial year while its trading volume increased to 601,000 tons announced the ECX.
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