Source - SMW
Bagir - a designer, creator and provider of innovative tailoring - has completed the acquisition of the remaining 50% shareholding in Nazareth Garments, the joint venture owner of its manufacturing site in Nazareth, Ethiopia, for a total consideration of US$1.9m.

The acquisition was first announced on 6 February 2017and at that time it was conditional on, among other things, certain procedural share registrations in Ethiopia and capital gain tax clearance on the sellers of NGSC. 

Bagir said all conditions had now been met and the acquisition had been completed.