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Auction For "Bjni" Over: One Bid Received

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  • Auction For "Bjni" Over: One Bid Received

    AUCTION FOR "BJNI" OVER: ONE BID RECEIVED

    armradio.am
    16.02.2009 16:07

    On 16 at 1 p.m. the electronic compulsory auction for the property and
    property rights of "Bjni" Mineral Water Company came to an end. One
    bid was submitted, Press Secretary of the Judicial Acts Compulsory
    Enforcement Service of Armenia Ruben Grdzeyan told "Radiolur."

    "The auction is over. Consistent with the Armenian legislation, the
    information about the participants of the tender is kept secret,"
    he said.

    The preliminary price set by the Bailiff Service for the property of
    the factory, including rights for trademarks, was 4,934,943,264.3
    Drams at the first auction. The amount to be recovered from Bjni
    factory is almost 4.356bln Drams.

    Under the country's law about public sale, if no bids are received
    the new auction is to be announced on the third working day after
    the final day of the previous one and the starting lot price is to
    be reduced by 10% there.

    The starting price of the second auction is over 4.441bln Drams.
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