Azerbaijan Government to Intensify Use of Privatization Shares

Azerbaijan, Baku, 17 January /corr. Trend I.Khalilova / The plans of Azerbaijan's State Committee on Management of the State Property to withdraw the privatization shares from turnover by the end of 2007, did not become real because the duration of the privatization shares was extended up to 1 January 2010.

The Chairman of the State Committee, Kerem Hasanov, said till now, 15.2mln shares and 2.095mln options have been used in the privatization shares. "We are trying to intensify their admission in the further stage of the privatization, to maximally use the direction specified by the law," Hasanov said.

The privatization shares are presented in the specialized share auctions, investment bids and privileges the sale of shares to the labor team.