Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced a repeated investment competition for sale of 30.03% of shares of JSC Gence Qennadi (Ganja Confectioner). The Committee informs that both domestic and foreign investors are allowed to take part in the competition.

The contenders should submit a 5% bank guarantee of the investment offer cost for at least AZN 185,000 or currency equivalent. Besides, proposals should be presented for transfer of AZN 550,000 to the 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 – 5.30 pm until 30 July 2012 at the address: 20, Yu. Safarov Str, Baku. The documents and bids are accepted at 10 am – 5.30 pm until 30 July 2012. The bids will be assessed from 3 pm on 1 August 2012. For more information call to the State Committee: 4902408 (extension: 242).

The enterprise (add: 1, Shamkir highway, Ganja city) produces confectionery products .Its charter capital totals AZN 5.288  million and 2644095 shares were issued for it with face value of AZN 2 each.

The competition subject is 793,926 shares with overall nominal value of AZN 1.587 million. The enterprise has liabilities for AZN 792,032, including AZN 87,415 on wages and AZN 268,657 on payment of goods, works and services. The enterprise has been operating since 1973 with personnel of 114 employees.

The previous investment contest should have been held on 26 May 2011.

05.07.2012 09:47