Azerbaijan, Baku, July 17 / Trend I. Khalilova /
The Azerbaijani State Committee on Property has announced an investment competition for sale of 99.171 percent stake in joint-stock company Siyazan-Broyler (a broiler factory in Siyazan, in the north of Azerbaijan).
A package submitted for sale, consists of 85 percent of the standard package, and 14.171 percent of shares.
Both local and foreign investors can participate in the contest.
Applicants must submit an investment program that includes proposals for the reconstruction and expansion of enterprises, restoration of existing jobs and creating new ones.
Applicants can familiarize with the privatization plan and get more information about the competition from 10.00 to 17.30 till August 17, 2010 at the address: Baku, st. Y. Safarov, 20. Documents and proposals are accepted from 10.00 to 17.30 till August 17, 2010. Evaluation of proposals will begin at 15.00 Aug. 19, 2010.
Siyazan-Broyler specializes in the production of poultry meat and eggs. It has operated since 1985.
As of July 1, 2010 the authorized capital of JSC is 16,737.252 manat, which issued 4,184,313 shares of nominal value of four manat each. The subject of the competition are 4149633 shares with total nominal value of 16,598.532 manat.
The company has liabilities amounting to 5,162.059 manat, including debts for goods, work and services worth $ 4 523.132 manat. Accounts receivable from the company is 291.251 manat. The company has 1,315 employees.
This enterprise is privatized for the second time in connection with the termination of the contract with the former investor several years ago.
On July 17, the official exchange rate is 0.8036 manat to $1.