Auction Of Bjni Plant Ends, One Bid Received

AUCTION OF BJNI PLANT ENDS, ONE BID RECEIVED

Noyan Tapan
Feb 16, 2009

YEREVAN, FEBRUARY 16, NOYAN TAPAN. The compulsory electronic re-auction
of the property and property rights of "Bjni" Mineral Water Plant
company finished on February 16, at 1 pm.

According to the press service of the National Service for Compulsory
Enforcement of Court Acts, a bid was filed during 10 days of the
auction.

Based on it, the sale price of the lot made 4 billion 441.5 million
drams.

Under Article 35.2 Point 6 of the RA Law on Public Bargaining, the
participant who won at the auction shall transfer the lot’s purchase
price to the deposit account or the cashbox of the Service or pay
the lot’s purchase price (minus the prepayment) within 3 bank days
after the end of the auction.

To recap, the prepayment for participation in the auction made 222
million 68 thousand drams. Under Article 35.1 Point 8 of the indicated
law, no data on auction participants is subject to publication.

The reserve price was established at 4 million 441 million 358 thousand
drams at the re-auction. The auction began on February 5.