11 Jun 2012
ERJ staff report (DS)
Baku, Azerbaijan - Azerbaijan's government is to auction off almost 97 percent of the shares in Azersin JSC (Azerbaijan Tyre). Local and international organisations are permitted to submit bids.
Bidders are expected to lodge a deposit with the Azerbaijan bank and submit an investment proposal. All bids should be in by 9 July.
The enterprise has been operating since 1959 and has staff of 480 employees. Earlier in 2012, it was announced a similar contest, completion of which was scheduled for 1 April.
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Press release from Azerbaijan press agency
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