Investment contest for 93.96% of shares of Baku Tea-packing Factory announced in Azerbaijan

Baku, Fineko/ The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 93.96% of shares of JSC Baki Caycekici (Baku  Tea- packing Factory). The shares package was formed from a standard package offered for investment contest (85% of shares) and the balance of shares after subscription for them by the labour collective (8.96%).

Both domestic and foreign investors are allowed to take part in the competition.

The investor should submit a 5% bank guarantee of the investment offer cost for at least AZN 50.000 or currency equivalent.

Besides, proposals should be presented for transfer of AZN 150,000 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 5 April 2011 at the address: 20, Yu. Safarov Str, Baku.

The documents and bids are accepted at 10 am – 5 pm until 5 April 2011.

The bids will be assessed from 11 am on 7 April 2011. For more information call to the State Committee: 4902408 (extension: 242).

The factory is located in Baku city on K. Safaraliyev street , 24

The enterprise’s charter capital totals AZN 171,740 and 85.870 shares were issued for it with face value of AZN 2 each.

The competition subject is 80.680 shares with overall nominal value of AZN  161.360.

The enterprise has liabilities for AZN 93.352, including AZN 14.540 on wages and AZN 2.147 on payment of goods, works and services. Enterprise’s accounts receivables reach AZN 470.880. The enterprise has been operating since 1966 with personnel of 16 employees.



05.03.2011 11:12


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