Winery put up for investment tender in Azerbaijan
Baku, Azerbaijan, March 3
By Emin Aliyev - Trend:
The Azerbaijani State Property Committee has announced an investment tender for the sale of 98.4 percent of shares (85 percent - from the standard package of the investment contest and 13.4 percent - from the balance of shares after their preferential sale to the staff) in the Oguz Seərab (Oguz winery), according to a report published in Mulkiyyat newspaper.
The tender is open to Azerbaijani physical and legal entities, as well as foreign investors, the report said.
Those willing to participate in the tender must submit an investment program, bank guarantee for five percent of the value of the investment proposal as well as a proposal for transferring 110,000 manat to the state budget. The applicant must submit a letter of guarantee of any bank to the amount of 40,000 manat to confirm earnestness.
The investment program must contain proposals for establishing modern wine production and grape processing, cooperation with local farmers, expanding the range of products, restoring jobs and ensuring the social conditions of employees.
As of January 1, 2014, the authorized capital of the enterprise is 244,038 manat, of which 122,019 shares at a par value of two manat for each share were issued. The tender subject is 120,069 shares with a total nominal value of 240,138 manat.
As of June 1, the enterprise's accounts payable is 41,500 manat. The accounts receivable is 55,500 manat.
The number of employees is 22 people.
Those wishing to take part in the tender may obtain further information and familiarize themselves with the privatization plan from 10:00 to 17:30 daily until April 7, 2014 at the address: 20, Y.Safarov str., Baku.
Documents and proposals are being accepted from 10:00 to 17:30 until April 7, 2014.
The tender commission will consider the proposals at the State Committee from 15:00, April 9, 2014.
The official exchange rate is 0.7844 AZN/USD on March 3.
Translated by NH
Edited by CN