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Azerbaijani Poultry Factory under Privatization

Business Materials 10 December 2007 19:32 (UTC +04:00)

Azerbaijan, Baku / corr Trend I.Khalilova / The Azerbaijani State Committee on Managing State Property presented to the investment market, the renaming 30.05% of shares of Jalilabad-Broyler company, though a special money auction, the State Committee said.

Bids which have been put in by participants in the tender will be assessed on 17 January 2008 and they should present their bids by 15 January.

In accordance with the conditions of the competition, the investor should transfer to the public budget no less than AZN 40,000. To confirm their serious intentions the participants must present a guarantee letter issued by any bank to the amount of AZN 15,000. The tenders must include, within their investment programs, proposals on installation of refrigerators, repair and the reconstruction of four workshops so as to develop poultry production.

The stock capital comprised AZN 849,238 as of 1 November 2007. The assets of Jalilabad Broyler totals AZN 605,312, salary debts and relevant arrears totaled AZN 5,963. Total debts comprised AZN 128,174.

Entrepreneur was established in 1970 and its staff comprised of 98 workers.

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