Georgian government sells Marine Tech service
Baku, Azerbaijan, August 7
By Tamilla Mammadova – Trend:
The Georgian government is selling a 100 percent stake in Marine Tech service of Georgia in order to transfer the enterprise from state ownership to private, Trend reports citing the National Agency for State Property of Georgia.
A wholly-owned share of the state company Marine Tech service was put up for electronic auction for 2.83 million lari (about $779,000).
As of January 1, 2019, the assets of the enterprise amounted to more than 1.78 million lari (more than $609,700). Equity amounted to more than $600,200, and liabilities - more than 27,700 lari (more than $9,400).
The company owns a land plot measuring more than 8,800 square meters, located in Batumi. The company also owns buildings located in this territory.
The company has a number of certificates on measuring the thickness of the hull, checking rescue and fire fighting equipment, as well as installation, repairs and modernization work.
The company Marine Tech service is mainly engaged in the restoration, repair and maintenance of ships and boats.
(1 USD = 2.93 GEL on August 7)