The State Committee for Property Affairs has put on the privatization 98.4% (120,069 shares) of the shares of Oguz-Serab (TIN 6600041491), established on the basis of the Oguz winery in 2002.
According to the ad of the agency, the investors are required to provide the investment program to restore production at the plant. The volume of investments must be not less than 400 thousand manat (about $ 205 thousand). The number of new jobs is 20.
In addition, the winner is obligated to transfer to the state budget not less than 80 thousand manat.
JSC Oguz-Serab, which has been idle for several years, can be considered bankrupt now, because its liabilities as of January 1, 2017 (351.1 thousand manat) are much higher than the authorized capital of 244 thousand manat.
The JSC has 18 hectares of land in the Oguz region, of which 8,828 square meters are under buildings.
According to the State Property Committee, proposals of the applicants are accepted until March 9.
JSC Oguz-Serab was privatized by a private company of Azerbaijan in 2015, provided investment of 600,000 manat (about $ 750 thousand) in it. But soon the company was withdrawn from the investor and the investment was not compensated. ----08D
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