The State Property Committee has announced holding of an investment competition. The subject of the forthcoming competition will be 30,06% shares of Salyan Xidmat JSC, which was not sold out during the last auction, Trendreports referring to the State Committee.
Both local and foreign investors may take part in the forthcoming investment competition. Applications from all those who are interested to participate in the competition will be received till December 25, 2006.
The evaluation of the bids will be held on December 28, 2006.
The terms to the prospective investors are to present the investment programme and a proposal on funds to be sent to the State budget.
The condition to participate in the competition is to transfer or offer a banking guarantee to the sum of 1500 AZN.
The authorized capital stock of the Joint Enterprise, which is engaged in rendering communal services to the population, has been announced at the level of 61.198, 80 AZN. The number of the shares issued is 30.599 ones with the face value of 2 AZN. The total face value of the shares is 18.398 AZN.