BAKU, Azerbaijan (June 11, 2012)—Azerbaijan's government plans to auction off almost 97 percent of the shares in Azersin J.S.C., which operates as Azerbaijan Tyre.
Local and international organizations are permitted to submit bids, with bidders making a deposit with the Azerbaijan bank and submitting an investment proposal July 9, the government said.
The business has been operating since 1959 and has staff of 480.