Stock of Salyan-Passenger Remained from Auction to be Sold through Investment Competition
Azerbaijan, Baku / Trend corr I. Khalilova / Azerbaijan State Committee on State Property Management has put 30.21% of the stock of Salyan-Passenger OJSC for investment competition. The package of the stock put for investment competition remained from auction.
Estimation of the proposals to be submitted by 8 August will be held on 10 August. In order to introduce modern standards into passenger transportations the candidates have to submit an investment program where the directions, amounts, and periods of investing will be pointed.
In accordance with the terms of the competition, the investor must transfer at least AZN 15,000 to the budget. Participant of the competition must have guarantee letters of any bank in the sum of AZN 5,000 in order to prove seriousness of intentions.
The enterprise with its personnel comprising 13 employees is specializing in motor transportation of passengers. It was put into exploitation in 1959-1976.
The authorized capital of the company makes up AZN 319,501. The liabilities come to AZN 13,806, debit liabilities to AZN 107,978.