Azerbaijan announces tender to sell a 30% stake in Saatli Pambig OJSC

Azerbaijan announces tender to sell a 30% stake in Saatli Pambig OJSC
# 22 December 2008 13:09 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell a 30.11% stake in Saatli Pambig
Open Joint Stock Company.
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 authorized capital is AZN 3 466 327.2, the number issued shares 1 733 164, face value per share AZN 2 and the issue is book-entry ordinary stocks.
520 477 shares valued at AZN 1 040 954 are offered in tender. The company covers 20.5 hectares and employs 5 people.
The company’s liabilities reached AZN 4 301 932.04, including AZN 36 797 for salary and payments of the same status, AZN 4 265 135.04 for supply, works and services and the receivables were AZN2 741 987.28.
The deadline for application and bidding is January 30. The bids will be assessed from February 3.
#
#

THE OPERATION IS BEING PERFORMED