Package of 90,3% of Baku Air Conditioners shares put for sale
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 90.3% of shares of JSC Baku Air Conditioner which formed from 85% of standard investment contest shares package and 5.3% of the shares remained after close subscription of labor collective for the enterprise shares.
Both domestic and foreign investors are allowed to take part in the competition.
The claimants should submit a 5% bank guarantee of the investment offer cost for at least AZN 300,000 or currency equivalent.
Besides, proposals should be presented for transfer of AZN 950,000 to State Budget.
Claimants should submit an investment program to contain proposals for preservation of the complex’s profile, as well as information about the enterprise’s activity and a copy of its charter . They can get more information at 10 am - 5 pm until 29 June 2012 at the address: 20, Yu. Safarov Str, Baku.
The bids will be assessed from 3 pm on 2 July 2012. For more information call to the State Committee: 4902408 (extension: 242).
The factory (add: Baku city, 10, A. Gaibov street) produces and sells air conditioners and other national consumption goods.
The enterprise’s charter capital totals AZN 1.926.060 and 963.030 shares were issued for it with face value of AZN 2 each.
The competition subject is 869.616 shares with overall nominal value of AZN 1.739.232.
The enterprise has liabilities for AZN 4.071.453, including AZN 862.778 on wages and AZN 1.534.920 for purchase of goods, work and services. Enterprise’s accounts receivables reach AZN 382.949. The enterprise has personnel of 458 employees. The enterprise built by Toshiba Corporation has been operating since 1975.
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