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Azerbaijan announces tender to sell Khirdalan-Et OJSC

04 November 2008 13:13 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell the 30.03% stake in Khirdalan-Et Open Joint Stock Company that specialized in producing meat products.
The competition is open to both local and foreign investors.
The priority will be given to investors with the highest bid for investment and best undertakings for their efficient investment of capital.
The companyâ€™s authorized capital stood at AZN 4 830 419, the number issued shares 2 415 209, face value per share AZN 2 and the issue is book-entry ordinary stocks.
The companyâ€™s liabilities were AZN 563 078.46, including AZN 57 498.61 for salary and payments of the same status, AZN 505 579.85 for supply, works and services and the receivables are AZN 248 948.60.
The deadline for application and bidding is December 3. The bids will be assessed from December 5.