Enterprise on Licorice Planting Privatized in Azerbaijan
Azerbaijan, Baku, 12 October / Trend corr. N.Ismayilova / The State Committee for management with state property offered 85.67% of stakes of Biyan Open Joint Stock Company (OJSC) at investment competition, the State Committee said. The package includes 85% of stock package, which was offered at the investment competition, and 0.67% of stakes, which remained from the close written undertaking amongst labor staff.
The enterprise specializes in creation of licorice plantations, its procurement and sale. Investor's tasks comprise improving quality of their productions. Therefore, the submitted investment program should include offers to introduce new technology and introduction of selection work.
Moreover, the program should include transfer of AZN 70,000 to the public budget and the State Committee for allowances of more than 7,000 privatized checks, as well (the same options of foreign investors). Pretenders should submit letter of guarantee of any bank at the amount more than AZN 25,000 to confirm seriousness of investor's intention to carry out competition obligations.
They can get familiarization with privatization plan of the enterprise and get additional data on competition in Y.Safarova Street, 20, office 810, in Baku from 10.00AM to 05.30PM by 11 November in 2008, contacts: 490-24-08 (242). Documents and offers should be submitted from 10.00AM to 05.30PM by 11 November. Offers will be assessed at 10.30AM on 14 November in 2008.
The company's authorized capital makes up AZN 86,380 with AZN 2 nominal cost for each stakes. The enterprise was put into exploitation in 1993.
Its liabilities amount to AZN 26,075, including debts of salaries - by AZN 9,764. Debts receivables of the enterprise make up AZN 34,000.
Staff of Biyan includes 11 employees.
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