Azerbaijan announces investment tender for privatization of Gemi Temiri OJSC

Azerbaijan announces investment tender for privatization of Gemi Temiri OJSC
# 30 December 2008 15:29 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell the 99.16% stake in Gemi Temiri Open Joint Stock Company (85% 14.16% remaining after the discount sales to the employees).
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 company’s authorized capital stood at AZN 147 102, the number issued shares 73 551, face value per share AZN 2 and the issue is book-entry ordinary stocks.
72 931 stocks worth AZN 145 862 are offered for sale.
The company’s liabilities were AZN 9 256, including AZN 4 639 for salary and payments of the same status, AZN 4 617 for supply, works and services.
The deadline for application and bidding is Feb. 20. The bids will be assessed from Feb. 24.
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