13.Apr .2021 19:00

The government is selling Thermal Waters Ltd for 1.5 million - the auction ends today

The government is selling Thermal Waters Ltd for 1.5 million - the auction ends today
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The auction of the privatization of the thermal water company "Thermal Waters" near Lisi Lake in Tbilisi is ending today. The company's assets, which consist mainly of pipelines, sell for $ 1,511,000.
 
According to the business register, the state owns 100% of the company.

So far, no company has submitted its bid in the tender.
 
According to the tender description, the value of the company's assets is GEL 1,528,273, while its liabilities are GEL 17,273. The length of the pipelines owned by the company is several kilometers. These pipelines are located in Tbilisi.
 
The company's acquirer has no obligation to invest in it, as the privatization application does not provide for this.