Erindi sale now hinges on Baillères business plan
OGONE TLHAGE
WINDHOEK
Mexican billionaire Alberto Baillères has asked for more time to submit a business plan to the office of trade minister Lucia Iipumbu for his planned purchase of the Erindi game farm.
The Erindi suitor is required to submit the plan to outline his intentions for the game farm but also to ensure that he complies with the conditions stipulated by the Namibia Competition Commission.
Covid delays
“The business plan must be submitted to the minister’s office. Because of Covid-19, they could not do it in time. In April, they put in a request for an extension and submitted a draft business plan,” a ministerial source said.
“They will need to fly in and assess and finalise the business plan and strategy.”
The main condition for the sale was that there may be no retrenchment of employees for a period of five years.
NaCC spokesperson Dina Gowases told Namibian Sun earlier this year that the commission had already made its decision on the matter, adding that any further work on the deal now lay with the ministry of industrialisation.
“The Commission’s determination on the Erindi sale was contested by the buyer, who made a formal appeal to the minister of industrialisation, trade and SME development. Our determination is gazetted in the Government Gazette. The minister’s decision can be ascertained through the relevant office,” Gowases said.
The buyer
Baillères is the president of Mexico-based BAL Group, which has a proven and strong reputation, having operated for more than a century. BAL Group has diversified interests and Baillères has experience with managing several wildlife protection ranches in different parts of the world.
Baillères is a philanthropist who aims to transform Erindi into a world-class game reserve, in line with the ministry of environment and tourism's guidelines.
In his bid to buy the farm, he said his intention is to preserve Erindi for future generations and ensure that it continues to provide a sanctuary and safe environment for rare and valuable species such as elephants, black and white rhinos, wild dogs, cheetahs, leopards and lions.
WINDHOEK
Mexican billionaire Alberto Baillères has asked for more time to submit a business plan to the office of trade minister Lucia Iipumbu for his planned purchase of the Erindi game farm.
The Erindi suitor is required to submit the plan to outline his intentions for the game farm but also to ensure that he complies with the conditions stipulated by the Namibia Competition Commission.
Covid delays
“The business plan must be submitted to the minister’s office. Because of Covid-19, they could not do it in time. In April, they put in a request for an extension and submitted a draft business plan,” a ministerial source said.
“They will need to fly in and assess and finalise the business plan and strategy.”
The main condition for the sale was that there may be no retrenchment of employees for a period of five years.
NaCC spokesperson Dina Gowases told Namibian Sun earlier this year that the commission had already made its decision on the matter, adding that any further work on the deal now lay with the ministry of industrialisation.
“The Commission’s determination on the Erindi sale was contested by the buyer, who made a formal appeal to the minister of industrialisation, trade and SME development. Our determination is gazetted in the Government Gazette. The minister’s decision can be ascertained through the relevant office,” Gowases said.
The buyer
Baillères is the president of Mexico-based BAL Group, which has a proven and strong reputation, having operated for more than a century. BAL Group has diversified interests and Baillères has experience with managing several wildlife protection ranches in different parts of the world.
Baillères is a philanthropist who aims to transform Erindi into a world-class game reserve, in line with the ministry of environment and tourism's guidelines.
In his bid to buy the farm, he said his intention is to preserve Erindi for future generations and ensure that it continues to provide a sanctuary and safe environment for rare and valuable species such as elephants, black and white rhinos, wild dogs, cheetahs, leopards and lions.
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