Azərtütün put up for privatization

16:30 - 22.10.2021

October 22, Fineko/ The State Service for Property Issues has announced an investment tender for the privatization of Azərtütün OJSC.

ABC.AZ reports that in particular, 8.64 million shares with total nominal value of AZN 17.28 million were sold at the investment tender for the privatization of Azərtütün, located in village Yukhary-Tala of Zakatala district. The company has liabilities for AZN 1.644 million and accounts receivable for AZN 63,360.

To participate in the investment tender for the privatization of this enterprise, applicants must submit an investment program for at least AZN 8 million, make proposals for creating new jobs, introducing modern technologies into the production process, and expanding the product range.

The winner of the competition must ensure that funds for the purchase of shares of the joint-stock company in the amount of at least AZN 6.3 million are transferred to the State Budget.

The acceptance of applications and proposals of applicants is carried out on working days until 17 November 2021 from 10:00 till 17:30 at the State Property Service (add: Baku city, Yu. Safarov Street, 50).