Date of consultant selection on privatization of IBA postponed

The Azerbaijani State Property Committee postponed the date of opening of applicants’ tender proposals to render consultation services in the process of privatization and reduction of state share (denationalization) in the authorized capital of the International Bank of Azerbaijan (IBA), the committee said.

Proposals will be reviewed by the competition commission in the building of the State Committee from 11:00 a.m. on May 3. Earlier date of review of the proposals was scheduled for April 22.

Applicants should submit tender documents until 17:00 on April 13, tender proposal until 17:00 on April 21, 2011 at the address: St. Y. Safarov, 20, Baku.

IBA has ended last year with assets at 5 527.92 million manat, which is 8.99 percent more than the same figure of 2009. IBA’s main shareholder is the Azerbaijani government, which owns 50.2 percent of shares, 49.8 percent of shares is owned by private physical and legal entities (including banks).


/Trend/