Azernews.Az

By Rashid Shirinov

About 10 large state-owned enterprises in Azerbaijan will be privatized through investment contests. The companies are OJSCs “Daskesen Filizsaflasdirma", "Baki Elektroavtomat", "Mingecevir Texniki Rezin", "Mingecevir Regenerat”, etc.

Their presentation was held on August 31 for such international consulting companies as KPMG, E&Y (Ernst&Young Holding), Delloite, PWC (PriceWaterhouseCoopers), MCKinsey&Company, Baker&MCKenzie and other foreign financial and investment organizations.

A total of 190 state enterprises and projects in Baku and different regions of the country were exhibited at auctions within the new phase of privatization. Some 30 percent of controlling stake is planned to be sold at 75 OJSCs. These companies operate in various sectors of the economy, including mining, chemical, metallurgical, machine-building industry, agriculture, construction, transport, and other.

89 properties offered for the privatization are small state enterprises and objects, the rest are vehicles. These enterprises cover areas of services, public catering, trade, vehicle repair, etc.

Both local and foreign investors can engage in the privatization of state shares at these enterprises.

The full list of OJSCs can be found at the following link –http://privatization.az/index.php/az/sas-s-hif/2016-05-24-10-18-36/mue-ssis-l-r/uemumi-siyah

Applications for participation in the privatization process are also accepted in electronic form.

The first auctions under the new program of privatization of state property in Azerbaijan will be held on September 14, 20 and 27. The main innovation is that potential investors, representatives of the press and the public will be able to observe the auction in person.

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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov

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