Producer of polymeric materials again put up for investment competition in Azerbaijan
Baku, Azerbaijan, July 12
By Emin Aliyev - Trend:
The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 99.88 percent of the "Ceyranbatan Polimer Materialları" JSC shares, the "Mulkiyyet" newspaper published by the comittee said.
The company is being put up for sale again, and it was first put up for sale in early June.
The report noted that the competition is open to individuals and legal entities of Azerbaijan, as well as foreign investors.
Those who are wishing to take part in the competition must submit an investment program, which includes suggestions for improving the production, repair and upgrade of existing buildings, facilities, and equipment; a bank guarantee for five percent of the value of the investment proposals as well as proposals for transfer of 400,000 AZN into the state budget.
The bidder should submit a letter of guarantee from any bank in the amount of 130,000 AZN in order to confirm the seriousness of the intention.
The staff consists of 20 people.
"Ceyranbatan Polimer Materialları" engaged in the production of polymeric drainage pipes. The authorized capital of the company is 962,870 AZN, and some 481,435 non-documentary registered shares with a par value of 2 AZN each have been issued for that amount.
The subject of the competition is 480,869 shares with total nominal value of 961,738 AZN.
As of June 1, 2014, the liabilities of the company made up 171,210 AZN, including wage arrears and debts equal to it - 26,650 AZN, for goods, works and services - 17,020 AZN. The receivables of the company were 69,490 AZN.
Those who wish to participate in the competition can obtain additional information and become familiar with the privatization plan from 10:00 to 17:30 until August 27, 2014 at the following address: Baku, Y. Safarov Str.50.
The evaluation of the proposals will be held by the competition commission at the building of the State Committee from 11:00 local time on August 29.
The official exchange rate on July 14 is 0,7844 AZN / USD.
Edited by CN