Azerbaijan, Baku, Jan. 19/ Trend N. Ismaylova/
The State Committee on State Property Management of Azerbaijan announced an investment competition to sell shares of Seyyar Deniz Baliq Ovu JSC (the maritime fishing enterprise), the State Committee said on Jan. 19.
Thus, 99.79% package of shares of the enterprise was put on sale. Physical and juridical people of Azerbaijan and foreign investors can participate in the competition.
Pretenders must deliver an investment program consisting of offers regarding fishing, as well as processing and sale of fish.
People willing to participate in the competition must produce bank guarantee for 5% investment proposal cost. The pretenders must also deliver proposals to transfer 90,000 manat in the public budget and the State Committee to pay off - 2,000 privatization cheques.
Seyyar Deniz Baliq Ovu deals with fishery, as well processing and sale of fish. The enterprise with total area of 212 sq meters is situated in Khatai region, Zikh highway 37.
The authorized capital of JSC totals 92,700 manat and 46,359 shares with nominal value of 2 manat each are issued for this amount. An object of the competition is 46,263 shares with total nominal value of 92,500 manat.
By Jan. 1 the enterprise has debts in the amount of 13,300 manat. The bill receivable of Seyyar Deniz Baliq Ovu totals 6,100 manat.
The enterprise has been operating since 1996. The number of staff totals 12 employees. The pretenders can familiarize with demands of the competition, privatization plan and additional information from 10:00 a.m. to 17:30 p.m. by Feb. 24 at the following address: Baku, Y. Safarov 20 str. The documents and proposals are received from 10:00 a.m. to 17:30 p.m. by Feb. 24.
The proposals will be examined by a competition commission on Feb. 26 at 10:30 a.m. in the State Committee on State property Management.
On Jan. 19, the official exchange rate is 0.8036 manat to $1.
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