Compulsory electronic re-auction of "Bjni" starts<br /> " />


Compulsory electronic re-auction of "Bjni" starts

  • 05-01-2009 17:00:00   | Armenia  |  Economy
YEREVAN, JANUARY 5, NOYAN TAPAN. The compulsory electronic re-auction of the property and property rights of "Bjni" Mineral Waters company started on February 5, at 1 pm. The re-auction is organized in accordance with Parts 1 and 2 of Article 35.4 of the RA Law on Bargaining: "After each unsuccessful compulsory auction, information on the lot of the compulsory electronic re-auction will be put on the website on the second working day. If an auction has not not held due to the absence of a purchaser or because no addition was made to the initial price of the lot, during the next compulsory auction, the initial price of the lot shall be reduced in the amount of 10% of the initial price established for the previous auction". According to a press service of the SCECA, the initial price was established at 4 billion 441 million 358 thousand drams at the re-auction. It will last 10 days, until February 16.
  -   Economy