The State Committee for Property Affairs (SCPA) of Azerbaijan announced on October 21 the results of the tender for the provision of advisory services for the privatization of JSC Dashkesan Filizsaflashdirma, created on the basis of the Dashkesan mining processing plant.
The Communication Ministry's press service noted the competition was won by the Azerbaijani representation of KPMG Azerbaijan Limited.
The tender was attended by 8 companies, including 4 in a consortium. The names of these companies, as well as the amount of the tender offer of the winner, are not reported.
Under the terms of the tender KPMG will assess the joint-stock company, the analysis of financial and economic activity of the enterprise and the amount of investment required, and prepare a memorandum to attract potential investors. Implementation of the investment competition for privatization of the JSC is also the responsibility of this company.
SCPA also revealed some of the features on the upcoming privatization of the Dashkesan mining plant. These are payment to the state budget, the amount of the proposed investment and its effective investment.
Note that JSC Dashkesan Filizsaflashdirma was twice privatized by foreign investors. Later, the results of the investment competitions were canceled. ----08D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review