Investment competition for confectionery producer’s shares declared in Azerbaijan

Baku, Fineko/ The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 30.03% of OJSC Gence-Qennadi’s shares.

The competition is allowed both domestic and foreign investors.

The investor is to submit a 5% bank guarantee of the investment offer cost. Besides, the investor should also present a proposal for transfer of AZN 600,000 to State Budget.

The competitor should submit an investment program, provide information about its activity and a copy of its Charter and get more information at 10 am - 5.30 pm until 17 August 2010 at the address: 20, Yu.Safarov Street, Baku (tel: 490-24-08 (242)). Documents and bids from the competitors are received at 10 am - 5:30 pm on 17 August 2010. The tender commission will start estimating the bids at 3 pm on 19 August 2010.

Gence-Qennadi OJSC is situated in Ganja city. The factory produces confectionery.

Its charter capital is AZN 5.288 million and 2.6 million shares with face value of AZN 2 each were issued for it.

The competition subject is 793,926 shares with overall nominal value of AZN 1.587 million.

The enterprise has debts of AZN 860,964. The enterprise has operated since 1973.


17.07.2010 12:12


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