On November 25, the State Committee on Management of the State Property of Azerbaijan announced the conduct of the investment competition on 30,01% of shares of Tovuz Sharab-2 Joint-Stock Company. These shares have been sold during the auction, Trend reports quoting the State Committee.
Local and foreign investors may participate in the competition. The application will be accepted till December 25, 2006. The assessment of the received proposals will commence on December 26. The investors should present information on the activities of the company, its financial condition, investment programs, proposals regarding transfers to the state budget, etc.
The participants of the competition should present bank guarantee in amount of AZN 10,000.
The authorized capital of JSC, engaged in the initial processing of the grape, production and sale of vine and cognac products, has been announced at the level of AZN 663,626,20. The number of issued shares equal to 331.813, with a nominal cost of AZN 2. The gross nominal cost of the shares amounts to AZN 199,172.