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Azerbaijan announces tender to sell shares of Aghjabadi Pambig OJSC

23 December 2008 14:47 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment tender to sell a 29.96% stake in Aghjabadi 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 1 984 317, the number issued shares 992 159 and face value per share AZN 2.
297 213 shares valued at AZN 594 426 are offered in tender.
The companyâ€™s liabilities reached AZN 2 684 027.28, including AZN 37 274.33 for salary and payments of the same status, AZN 2 646 752.95 for works and services and the receivables were AZN 174 823.20.
The deadline for application and bidding is January 21. The bids will be assessed from January 23.