Azerbaijan announces tender to sell shares of Neftchala Pambig OJSC

Azerbaijan announces tender to sell shares of Neftchala Pambig OJSC
# 22 December 2008 15:19 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell a 30.11% stake Neftchala 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 3 527 830.6, the number issued shares 1 763 915, face value per share AZN 2 and the issue is book-entry ordinary stocks.
531 161 shares valued at AZN 1 062 322 are offered in tender.
The company’s liabilities reached AZN 801 273, including AZN 5 500for salary and payments of the same status the receivables were AZN 990 287.
The deadline for application and bidding is January 30. The bids will be assessed from February 3.
#
#

THE OPERATION IS BEING PERFORMED