17:44 - 6.03.2026

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March 6, Fineko/abc.az. The State Property Service has announced an investment tender procedure for the sale of shares of Azerbaijan’s large producer of glass bottles and jars - Qaradağ Şüşə Zavodu OJSC (Garadagh glass factory), located in Garadagh district of Baku.

ABC.AZ reports with reference to the agency that the competition was declared in accordance with the State Privatization Program II and the Rules for Investment Tenders.

17,975,315 shares of the company with total nominal value of 35,950,630 manats have been put up for sale. The enterprise is located at the address: Baku, Garadagh district, Salyan Gighway, 23rd km, 8.

The total amount of company's liabilities is 3,929,120 manats.

Applicants must submit an investment program for at least 10 million manats, indicating the directions, amount and timing of investments, as well as proposals for creating new jobs, introducing modern technologies and expanding the product range. The winner of the competition must transfer at least 18 million manats to the State Budget.

The winner is obliged to sign a share purchase & sale agreement within 30 days after the approval of the results protocol and transfer the proposed amount to the State Budget within the prescribed time, as well as fulfill all the conditions and obligations stipulated in the agreement.

Both citizens of the country and foreign investors can participate in the competition. Applications and bids are accepted on working days until April 15, 2026 (inclusive) from 10:00 to 17:30 at the State Service for Property Issues (Baku, Nizami district, Heydar Aliyev Avenue, 139).

The evaluation of the bids will take place on April 16, 2026 from 3 p.m. in the office building of the SSPI.