"Baku Shoe Factory" was privatized

"Baku Shoe Factory" was privatized
The State Service for Real Estate Affairs under the Ministry of Economy concluded the investment competition announced for the sale of 85% of the shares of "Baku Shoe Factory" OJSC and the rest of the shares from the concessional sale of shares to members of the labor collective.

Qazet.az reports that Aziz Mirzayev, the head of the Privatization Department of the Ministry of Internal Affairs and Communications, said this in his statement to journalists.

However, he did not reveal which company won the competition.

"The winner was determined in a competitive auction. The results of the competition will be announced to the public in the near future," A. Mirzayev noted.