Azerbaijan, Baku, June 10 / Trend, A. Akhundov /
The Azerbaijani State Property Committee has announced an investment contest for the sale of a 97.38 percent stake of the Bakı Teleqrafı (Baku Telegraph) company, the Mulkiyyet newspaper published by the committee reported today.
The contest is open to Azerbaijani physical and legal entities and foreign investors.
Applicants must submit an investment program with proposals to restore the enterprise's activity, a bank guarantee for 5 percent of the value of the investment proposal, as well as proposals for including 530,000 manat from the state budget. The applicant must submit a letter of guarantee of any bank to the amount of 180,000 manat to confirm the seriousness of intention.
The investment program must contain the proposals on organizing the communications services that meet international standards, using the modern technologies, creating new jobs and social maintenance of employees.
Authorised capital is 821,650 manat as of May 1, to which 410,800 shares with a total nominal value of two manat each have been issued. The subject of the contest is 400,050 shares with a total nominal value of 800,100 manat.
The enterprise has no accounts payable. The enterprise's accounts receivable has hit 213,770 manat.
Some 15 people work there.
Applicants may obtain additional information about the investment contest and get acquainted with the privatization plan every day from 10:00 to 17:00 until July 8, 2013 at the following address: 20 Safarov str, Baku.
Documents and proposals are accepted from 10:00 to 17:00 until July 8, 2013.
Proposals will be considered by the commission by a State Committee starting 15:00 on July 10.
The official exchange rate is 0,7848 AZN/USD on June 10.