Shares of the tea processing enterprise set out for investment competition in Azerbaijan

Baku, Fineko/ The State Property Committee of Azerbaijan has announced an investment competition for sale of 93.96% of the Baki Caycekesi OJSC’s shares, including usually set out 85% of standard package and 8.96% of the balance after labour staff subscription for enterprise’ shares.

The competition is allowed both domestic and foreign investors. The investor is to submit a 5% bank guarantee of the investment offer cost. The investor should also transfer AZN 160,000 to State Budget and write off at least 4,000 privatization cheques (also an equal number of options for foreign applicants).

Along with its application the competitor should submit an investment programme to cover the proposals for purchase of new technologies, output quality improvement, equipment restoration, expansion of range of its products and creation of new jobs.

The applicant should also provide information about its activity and a copy of its Charter and get more information from 10 am till 5.30 until January 12, 2009 at the address: 20, Yu.Safarov Street, Baku. Applications and bids from the competitors are received from 10 am till 5:30 pm on January 12, 2009. The tender commission will start estimate of the bids at 10:30 am on January 15, 2009.

Baki Caycekesi OJSC (a tea processing factory) is situated at the address: 24, Safaraliyev Street, Baku. Its floor space is 3.92 hectares. The factory processes tea.

The OJSC’s charter capital is AZN 171,740 and 85,870 shares with face value of AZN 2 each were issued for it.

The competition subject is 80,680 shares with overall nominal value of AZN 161,360.

The enterprise has debts of AZN 49,062.92 including AZN 3,822 on wages.

The debtors have owed AZN 470,880 to the factory. Baki Caycekesi OJSC has been operating 1966.




06.12.2008 10:30


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