Azerbaijan announces investment tender for privatization of tea-packing enterprise

Azerbaijan announces investment tender for privatization of tea-packing enterprise
# 10 December 2008 13:13 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell the 93.96% stake in Baku Chaychekici Open Joint Stock Company (85% + 8.96% remaining after the discount sales to the employees).
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 company’s authorized capital stood at AZN 171 740, the number issued shares 85 870, face value per share AZN 2 and the issue is book-entry ordinary stocks.
80 680 stocks worth AZN 161 360 are offered for sale.
The plant’s capacity is 1.5 million tyres a year.
The company’s liabilities were AZN 49 062.92, including AZN 3 822.85 for salary and payments of the same status, AZN 939.38 for supply, works and services and the receivables are AZN 470 880.68.
The deadline for application and bidding is Jan. 12. The bids will be assessed from Jan. 15.
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