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Azerbaijan announces tender to sell shares of Bilasuvar Pambig OJSC

23 December 2008 14:44 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell a 30.09% stake in Bilasuvar Pambig 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 authorized capital is AZN 2 477 524, the number issued shares 1 238 762 and face value per share AZN 2.
372 757 shares valued at AZN 745 514 are offered in tender.
The companyâ€™s liabilities reached AZN 6 127 019, including AZN 28 963 for salary and payments of the same status, AZN 6 098 056 for works and services and the receivables were AZN 1 096 982.
The deadline for application and bidding is January 27. The bids will be assessed from January 29.