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Adviser on privatization of CBA to be selected

19 March 2011 09:30 (UTC +04:00)

According to APA-Economics, local and foreign legal entities owning practices on services of legal, technical and financial adviser in the spheres of assessment of banksâ€™ financial-economic activity, determination of their sale prices and conditions, including organization of sale can attend the tender.

Adviser services will be implemented in two stages. In first stage, the adviser must present proposals on reduce of governmentâ€™s share in bankâ€™s authorized capital by additional share emission and sale prices and conditions of the same share envelope. The second stage covers sale process, organization of privatization, preparation of information memorandum.

AZN 5000 is required to be paid to State Committee for Property Issues for get participation status in the tender and request for proposal (RFP). This participation cost is not returned back, in any case.

Documents will be accepted until April 13, 2011, tender offers until April 21. Opening of envelopes will be held on April 22.

For more information call: Tel: (+ 994 12) 490 24 08 (in addition 242)