State Committee on Property Investment put on contest 98.4% of the shares of Oquz Sharab JSC. The shares were sold by the same method in 2005 to one of the investors, and the following year they even went into its property.
SCP does not disclose the reasons for termination of the contract for the sale of shares pf the Oguz winery. According to the executive power of Oguz, this plant produced wine products and table water.
According to the new competition, from investors it is required to submit an investment program for the modernization of the plant. The applicants must submit a proposal to transfer to the state budget of the shares of the company not less than 110 thousand manats. In addition, the investor will have to pay salary arrears totaling 77,700 manat.
The Oguz winery was commissioned in 1983. The company employs 22 people.
The authorized capital of Oquz Sharab is 244,000 manat. The investment competition is for 120,000 shares. As of November 1, 2012 the liabilities were 364,300 manat, and the accounts receivable were 42,100 manat.
Azerbaijan practiced revision of privatization. To date the state has taken away from investors in various ways the shares of Azerboru, Siyazan Broiler, Azerkabel, Bakelektroavtomat, Xirdalan Et, etc. -08D-
Economics
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