Blue chips to be formed at the result of selling strategic objects through Stock Exchange
Baku Stock Exchange (BSE) expects that in 2006 part of the state share in enterprises to be privatized will be put on sale through the Stock Exchange. The Stock Exchange is ready to provide sale of shares of the state enterprises under privatization through the stock exchange, the BSE president Anar Ahundov told Trend. In this regard joint proposals with the State Committee on Property have been sent to the Cabinet of Ministers as early as in 2005.
В"Judging by the international experience they may be strategically important for the country enterprises, in which corporative standards of management are ensured, the head of the Stock Exchange said. They may be small share holdings by 5%, 10%,20%, which will be placed through BSE. In the view of Ahundov, it will enable to form highly rated enterprises, the so- called В"blue chipsВ".