The State Property Committee has put up for privatization through investment competition, the shares of Jalilabad Avtovaghzali JSC. According to the Committee, 99.21 percent of the shares of the enterprise will be realized through the forthcoming competition. 14.21 percent has been kept by the staff of the enterprise.
The bid evaluation is expected to be held on November 1. And all interested parties should submit them to the State Committee till October 30, 2006.
Both local and foreign investors have a right to participate at the investment competition. At the same time, they should submit the investment program where the terms, volumes and directions of the future investments to organize the up-to-date bus station and passenger traffic
The bids should be submitted on purchasing of up-to-date transport carriers, their renting, as well as new vacancies, and social providing.
The participants of the competition should submit proposals concerning the transferring of not less that 50 m. old manats (10.000 AZN) to the State Budget, and the transferring of not less than 2.500 vouchers (both for local and foreign investors) to the State Committee.
The winner of the competition should transfer up to 5 percent of the total volume of the investments to the settlement account of the enterprise and put forward proposals on their use within 30 days since the moment of the signing of the sale-purchase agreement.
The authorized fund of the joint company to September 1, 2006 is 55.268 AZN.
The enterprise does have neither bill payable nor bill receivable. Jalilabad Avtovaghzali was put into commission in 1983. The total number of its employees is 6 persons.