Finance

Home page

Finance

Azerbaijan announces tender to sell 30% shares of Sabirabad-Nagliyyat

04 November 2008 12:57 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell the 30.03% stake in Sabirabad-Nagliyyat 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 companyâ€™s authorized capital stood at AZN 332 340, the number issued shares 166 170, face value per share AZN 2 and the issue is book-entry ordinary stocks.
49 894 shares valued at AZN 99 788 are offered in tender.
The companyâ€™s liabilities reached AZN 148 786, including AZN 4 800 for salary and payments of the same status, AZN 87 677 for supply, works and services and the receivables AZN 87 667.
The deadline for application and bidding is December 1. The bids will be assessed from December 2.