Baku, Azerbaijan, June 3
By Emin Aliyev - Trend:
The Azerbaijani State Property Committee has announced an investment tender for the sale of 30.03 percent of Imisli-Pambiq ATSC, according to a report published in Mulkiyyat newspaper.
The tender is open to Azerbaijani physical and legal entities, as well as foreign investors, the report said.
Those wanting to participate in the tender must submit an investment program, bank guarantee for 5 percent of the value of the investment proposal as well as a proposal for transferring 142 thousand manat to the state budget.
The applicant must submit a letter of guarantee of any bank to the amount of 47 thousand manat to confirm earnestness.
The investment program must contain proposals for establishing modern production and infrastructure, landscaping and creating new jobs.
The authorized capital of the enterprise is 1.72 billion manat, of which 861,497 shares at a par value of two manat for each share were issued. The tender subject is 258,685 shares with a total nominal value of 517,370 manat.
As of April 1, the enterprise's accounts payable is 1.27 billion manat and arrears of goods, work, services is 1.08 thousand manat.
The number of employees is 4 people.
Those wishing to take part in the tender may obtain further information and familiarize themselves with the privatization plan from 10:00 to 17:30 daily until July 1, 2014 at the address: 50, Y.Safarov str., Baku.
Documents and proposals are being accepted from 10:00 to 17:30 until July 1, 2014.
The tender commission will consider the proposals at the State Committee from 12:00, July 3, 2014.
The official exchange rate is 0.7844 AZN/USD on June 2.
