Since Beginning of Year Cash Auctions Sold 1,458,400 Shares
At the 12 cash auctions conducted since the beginning of the year from 25 % to 44 % of 18 joint-stock companies with a total nominal value of more than 2.6 million manat were sold. However, in all cases the shares were sold at 50 % of face value.
Total sold at auction were 1,458,400 shares. The nominal value of 1,329,000 of them was AZN 2, and the remaining ones were 0.50, 0.25 and 0.05 manat.
As of July 1 this year, the state represented by the State Committee for Property Affairs had equity in 296 JSC.
In the course of privatization in 1997 in Azerbaijan shares were sold at about 1,500 JSC. -08B-
Economics
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