54 state property objects to be put up for auction in Azerbaijan

The State Property Service under the Azerbaijani Economy Ministry will hold an auction on February 22, Report informs referring to the State Property Service.

Auction participants will be offered 54 objects of state property.

The state property put up for auction includes six blocks of shares in joint-stock companies, 17 small state-owned enterprises and facilities, two unfinished buildings, 29 vehicles.

Joint-stock companies put up for auction belong to industrial, agricultural, repair and other areas. Shareholdings of joint-stock companies make up 30-45% of their authorized capital.

Vehicles of various brands will also be put up for auction, among which there are mainly cars of Russian, European, Japanese production. The production year of these vehicles ranges between 1970 and 2009.