31 auctions held on sail of joint stock companies stakes
Published July 13th, 2007
The State Committee for Public Property Management (SCPPM) has held 31 auctions in accordance with the sale of stakes of joint Stock companies established on the base of state-owned enterprises, SCPPM told the APA-Economics.
A total of 4.4 million stakes of 100 Joint Stock Companies have been sold during these auctions. 250 auctions have been held on the sale of small state-owned enterprises. Over 5 000 citizens participated in the auctions dedicated to the sail of JSC’s stakes and small state-owned enterprise. During the privatization of JSCs and small state-owned enterprises nearly 1700 staff members participated in the sail conducted among the members of labour staffs.
About 7300 citizens became owners as a result of the privatization of state-owned enterprises in 2007.
A special importance is attached to the providing of transparency and creating needed atmosphere during auctions on the sail of state-owned enterprises. Auction Center on the organization of qualified auctions is operating in regions in order to simplify provincials’ participation in the auctions. People wishing to take part in the auctions could apply to Nakhchivan, Ganja, Lankaran, Ali-Bayramli branches of the Auction center.
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