(MENAFN- Trend News Agency) Details added (first version posted at 14:32)
BAKU, Azerbaijan, March 7. A total of 85
percent of shares of Azerbaijan's Garadagh glass plant will be put
up for investment competition, Head of the Privatization Department
of the State Service on Property Issues under the Azerbaijani
Ministry of Economy Aziz Mirzoyev told reporters, trend reports.
'Currently, a privatization commission has been set up, which is
involved in preparing a draft investment competition and
determining its amount and conditions. The remaining 15 percent of
the plant's shares will be offered on preferential terms to its
employees,' he said.
Mirzoyev stressed that the competition would be announced
following the completion of all procedures.
Meanwhile, the authorized capital of the plant reaches 35.95
million manat ($21.1 million).
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