Azerbaijan announces investment competition to privatize enterprise
Azerbaijan, Baku, Nov.11 / Trend, N.Ismayilova /
The Azerbaijani State Property Committee has announced an investment competition to sell 99.1 percent of the shares in Mugan Su Tikinti, the State Property Committee said in the Mulkiyyet official publication.
The competition is open to Azerbaijani physical and legal entities and foreign investors. Applicants must submit an investment program with proposals to restore the enterprise's activity.
Applicants must also submit a bank guarantee for five percent of the cost of the investment proposal.
Mugan Su Tikinti specializes in construction and assembly works in the Sabirabad region.