The State Committee on Property (SCP) put up for investment competition a 99.92% stake in Sabirabad Demir Beton, established on the basis of the Sabirabad reinforced concrete plant.
The company's shares are offered at half the price. The applicants should submit proposals for the transfer of not less than 410 thousand mantas to the state budget.
The main requirement to investors is to provide an investment program to ensure the production of concrete, reinforced concrete and other industrial products.
Commissioned in 1970, the plant is idle today. It has a small debt (41,000 AZN).
SCP does not report on the company’s land area, or the characteristics of the available buildings, although it is one of the important requirements to the contest organizer.
In 2015 SCP held at least 10 investment tenders, as a result of four of which contracts for the sale of shares were signed, the press service of the department told Turan. Officially announced were the results of only one tender. ------08D
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