Investment contest for 30% of brick plant’s shares announced in Azerbaijan

Baku, Fineko/ The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 30.01% of shares of Imisli Kerpic JSC (Imishli Brick Plant). The shares package was formed from the unsold balance of the enterprise’s shares in state ownership.

The Committee reports that both domestic and foreign investors are allowed to take part in the competition.

The applicants should submit a 5% bank guarantee of the investment offer cost for at least AZN 15,000 or currency equivalent. Besides, proposals should be presented for transfer of AZN 45,000 to State Budget.

Applicants are also required to submit an investment program to contain proposals for preservation of the factory’s profile, data about the enterprise’s activity and a copy of its charter.

They can get acquainted with the contest requirements and get additional information at 10 am -17.30 pm till 22 February 2011 at the address: 20, Yu. Safarov Street, Baku.

The documents and bids are accepted at 10 am – 17.30 pm until 22 February 2011.

The bids will be estimated from 11 am on 24 January 2011. For more information call to the Committee: 4902408 (extension: 242).

The plant is located in Jafarli village of Imishli region.. The enterprise specializes in production of brick and construction materials.

Enterprise’s charter capital totals AZN 434.894 and 217.447 shares were issued for it with face value of AZN 2 each.

The competition subject is 65.266 shares with overall nominal value of AZN 130.532.

The JSC has liabilities for AZN 8.606, including 2.000 on goods, work, and services. It has been operating since 1985 with personnel of 1 employee.



22.01.2011 11:01


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