Baku Shoe Factory to be privatized

29.06.2022,12:53


June 29, Fineko/abc.az. The Baku Shoe Factory, owned by Azerbaijan Industrial Corporation, reduces the authorized capital by AZN 3.45 million or by 38.8%.

ABC.AZ reports that the company reduced its capital from AZN 10.896 million to AZN 7.85 million.

The factory is located at the address: Baku city, Binagadi District, Binagadi Highway, 53.

The Baku Shoe Factory was established on the basis of APK Shoe Factory LLC, which has been operating since 2018. The authorized capital of the company decreased from AZN 10.896 million to AZN 7.85 million, decreasing by AZN 3.45 million or 38.8%.