Azerbaijan, Baku / corr Trend I.Khalilova / The State Committee on State Property Management of Azerbaijani Republic announced the privatization of shares in the Republican Medical Centre. 99.94% of the centre will be privatized through an investment tender.
14.94% of the stock has been invested for the staff of The State Committee on State Property Management of Azerbaijani Republic. The deadline for submission of the applications is 31 July and the assessment of bids will on 27 July.
The investor is committed to transfer no less than AZN 850,000 to the public budget and AZN 25,000 in privatization options to the State Committee
The State Committee reported that the investor must be committed to present a bank guarantee in the amount of AZN 300,000.
The enterprise was put into operation in 1989. The number of employees is 186
During selection, priority will be given to the investor with advanced experience in enterprises in the health sector, as well as medical diagnosis. The investor must offer maximum amount of investment and undertake an obligation on their efficient use.
The authorized capital of the Centre made up AZN 2,415,646 as at 1 June, 2007. The obligations of the OJSC amount to AZN 1,207,823 with AZN 13,631 being debts for salaries. The accounts receivables of the enterprise make up AZN 20,891.