Garadagh Glass Plant privatized

14:32 - 11.08.2023


The State Service for Property Issues under the Ministry of Economy has declared the winner of an investment tender for the sale of state-owned shares of another large industrial enterprise Garadag Glass Plant OJSC.

ABC.AZ reports with reference to the agency, the winner undertook to implement an investment program in the amount of 10.5 million manats.
Glass Vay LLC became the winner of the investment competition.

According to the agreement, the investor must transfer 20 million manats to the state budget, and within two years fulfill an investment program in the amount of 10.5 million manats at the enterprise.