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Structural division: books › CHAPTER ONE
Article 558 — Right to Squeeze-out
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ A parent company, controlling more than 90% of the capital and voting shares of the subsidiary, has the right to purchase the remaining shares from the other shareholders in the subsidiary.
2/ The provisions under Article 294 sub–Article
(2) to
(7) shall apply to such purchase.