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Nigeria invites bids for stake in car plant

LAGOS, Jan 29 (Reuters) - Nigeria's privatisation agency on Wednesday invited expressions of interest in a 35 percent stake in the Anambra Motor Manufacturing Company Ltd (ANAMMCO) -- one of few Nigerian car plants still running.

The Bureau for Public Enterprises (BPE) said in a notice that prospective bidders must provide evidence of successful investment in the automotive, manufacturing or industrial sectors.

ANAMMCO, located in the south-eastern Nigerian state of Enugu, was established in 1977 in a joint venture with Daimler Benz AG of Germany, as an assembly and manufacturing plant. It has the capacity to produce 7,500 trucks and buses a year.

The BPE said pre-qualified applicants will be issued an information memorandum on the company upon the payment of a $5,000 non-refundable fee.

The deadline for the expression of interest is February 20, the agency said. There was no indication of how much it wants to raise from the sale.

ANAMMCO is one of about a dozen vehicle assembly plants set up by the government in the 1970s as part of a plan to transform Nigeria into an automobile manufacturing country.

Most of the car plants have either shut down or are in a dire state due to mismanagement and neglect during decades of army rule, which ended in 1999.