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MINISTRY OF ECONOMIC DEVELOPMENT EXTENDED TWO INVESTMENT COMPETITIONS

Business Materials 8 August 2005 15:03 (UTC +04:00)

The Department for State Property Management and Privatization (DSPM) under the Ministry of Economic Development (MED) announced extending of the investment competitions on sale of shares of the Baku Electrical Founding Plant (Baki Elektriktokme Joint Stock Company (JSC) and Mingyachevir Weaving Mill Open Joint Stock Company (OJSC Mingecevir-Toxucu).

The period for the investment competition on sale of 98,71% shares of Baki Elektriktokme extended from 2 August till 16 November, and on sale of 99,31% shares of Mingecevir-Toxucu from 3 August till 11 November 2005, the Ministry’s Department told Trend.

During the last two weeks MED postponed finalizing the investment competitions on shares of the Sumqayit Kompressorlari, Sumqayit Superfosfat, Yeni BEMZ, Baki Dezgahqayirma, Baki Meiset Masinlari, Baki Agirlasdiricilar, Baki Kondisioneri Joint Stock Companies.

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