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Azerbaijan announces new auctions on state property facilities

Economy Materials 2 December 2021 09:47 (UTC +04:00)
Azerbaijan announces new auctions on state property facilities

BAKU, Azerbaijan, Dec. 2

By Nazrin Israfilova - Trend:

The State Committee on Property Issues under the Azerbaijani Ministry of Economy will hold two privatization auctions in December 2021, Trend reports referring to the committee.

According to the committee, state shares of 12 joint-stock companies will be put up for the auctions to be held on December 21, while 18 small enterprises and one unfinished building – for the auction to be held on December 28.

The joint-stock companies to be put up for the auctions will include enterprises on poultry farming, agrochemistry, transport, repairs, such as 'Bakavtoservis', 'Zagatala Findiq', 'Salyan broyler' and others.

The blocks of the mentioned shares make up 30-45 percent of the companies' authorized capital.

The committee said that interested participants can observe the auctions online.

All those wishing to partake in the auction on the official website of the committee (emlak.gov.az) or on the privatization portal (privatization.az) must, after registering, pay a deposit of 10 percent of the initial auction price of the object, thereby obtaining the status of the customer.

On the day of the auction, bidding can be joined by selecting the section ‘Electronic auction’ on the e-services portal (e-emdk.gov.az).

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