...

TENDER ON PRIVATIZATION OF SUMQAYIT SUPERPHOSPHATE PLANT ANNOUNCED

Business Materials 26 July 2005 18:34 (UTC +04:00)

The State Property and Privatization Department put 99.83% of stocks of the Sumgayit Superphosphate plant for privatization. The admission of the documents and bids will last till 28 November, while the appraisal will start since 30 November 2005.

Local and foreign investors can participate at the tender. The pretender, proposed more investments, can participate at the tender. They are due to submit letter of guaranty or transfer 1bn manats to the account of the department.

The winner is due to transfer 5% of the total planned investments to the settlement account of the enterprise, 5.6bn manats or $1.1m to the public budget, present 300,000 vouchers in 30 days since the signing of the purchase agreement.

Latest

Latest