55 state properties will be auctioned in Azerbaijan

55 state properties will be auctioned in Azerbaijan

On August 30, the State Service for Real Estate Affairs under the Ministry of Economy will once again hold an auction related to the privatization of state property.

“Report” citing the institution, it is reported that 55 state properties will be put up for auction.

6 of them are joint-stock companies, 12 are small state enterprises and facilities, 1 is an unfinished building, and 36 are vehicles.

Those who want to participate in the auction are interested in industry, poultry farming, etc. they can privatize the share packages of joint stock companies related to the fields. Such enterprises include “Bilasuvar Broiler”, “Ganja Poultry” and other joint-stock companies.

The authorized capital of joint-stock companies ranges from 85,986 manats to 1,522,110 manats. Among those belonging to this category, the company whose shares are privatized and whose initial starting price is the highest is “Baku Machine-Building” Open Joint-Stock Company. 44.65% of the shares of the mentioned enterprise are offered for 679,574 manats.

Vehicles put up for auction are of different brands. Among the cars to be privatized, cars of Russian and European production prevail. The production history of vehicles varies between 1981 and 2013.

The full list can be found here: (https://bit.ly/3mmNVpB).

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