Repeated investment contest for 99.79% of sea fish enterprise announced in Azerbaijan
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced a repeated investment competition for sale of 99.79% of shares of JSC Seyyar Deniz Baliq Ovu (Sea Fishing).
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 (14.79%).
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 30,000 or currency equivalent.
Besides, proposals should be presented for transfer of AZN 95,000 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 and get more information at 10 am - 5.30 pm until 23 July 2012 at the address: 20, Yu. Safarov Str, Baku.
The documents and bids are accepted at 10 am – 5.30 pm until 23 July 2012.
The bids will be assessed from 11 am on 25 July 2012. For more information call to the State Committee: 4902408 (extension: 242).
The plant is located at address: 37, Zikh Highway, Baku.
Seyar Deniz organizes fishing, processing and sales of caught fish.
The enterprise’s charter capital totals AZN 92,718 and over 46,359 shares were issued for it with face value of AZN 2 each.
The competition subject is 46,263 shares with overall nominal value of AZN 92,526.
The Seyar Deniz has liabilities for AZN 13,285, including AZN 2,079 on wages and AZN 564 on payment of goods, works and services. Enterprise’s accounts receivables reach AZN 6,084. The enterprise has been operating since 1960 with personnel of 12 employees.
The first investment contest for the enterprise’s shares was scheduled for 4 March 2011.
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