Bank Of Baku

Azerboru privatized by Baku Steel Company

 Azerboru privatized by Baku Steel Company
# 03 July 2013 12:39 (UTC +04:00)

 

According to the published report by SCP, LLC Baku Steel Company pledged to invest in the company AZN 5,267,000. For the acquisition of shares of Azerboru the company will transfer AZN 14 million to the state budget within 240 days. For four months after the conclusion of the contract for the sale LLC Baku Steel Company is to repay debts on wages and similar employee benefits for a total of AZN 390 thousand.

 

Note that, Azerboru JSC was established on the basis of Sumgait Pipe Plant in the early 2000s.

 

 

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