Azeri companies will compete for capital market’s modernization

The results of preliminary stage of tender procedures on attracting a consulting company under the project of capital markets modernization funded jointly with the World Bank have been announced, the State Committee for Securities said in a statement on Thursday

Tender to attract a consultant was announced in October 2011. Thus, 46 organizations from 22 developed countries have submitted bills by October 20. These countries include the United States, Germany, France, Sweden, Turkey, Australia, and Japan.

Finally 6 organizations were included on the shortlist - Corporate solutions, Deloitte & Touche LLC, DLA Piper, Türkiyə kapital bazarları şurası, NASDAQ OMX, Adetef.

The next stage envisages submitting to the State Committee for Securities financial and technical proposals by these companies. The winner will be elected after the bids are submitted.


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