The privatization of state property is realized in the form of:
a) free subscription to stocks
b) auction,
c) tender,
d) direct sales,
e) open or closed allotment of new stocks,
f) issuance of bonds with the right of converting into stocks,
g) sales of stocks in specialized markets,
h) transfer of the state right of utilization of state property, as well as of physical and legal persons and local authorities.
The decision about the choice of the form of privatization of state property is taken by the Government of the RA under the procedure defined by this Law. Under the decision of the Government of the RA one of the privatization forms as well as their combination can be applied.
The choice of form of privatization can be done proceeding from:
• the specifications of the branch,
• the position in internal and external markets,
• the financial condition of the enterprise,
• the advisability of privatization of state property as operating company,
• the need for investments.

Source: Iravaban.net