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.