A decision was made to liquidate two companies that are part of Synergy Group. In the office of the holding company they do not comment on the reasons for the decision on closing these companies.
One of the liquidated companies, LLC Net Solutions was established on 1 April 2011. One of the two founders of the company is Cyber Net, subsidiary of Synergy Group.
The second company, LLC Exclusive Dining Group was established in June 2012.
Note that the JSC Synergy Group has operated since 2010 and 99% stake in the group is held by Kamil Ashrafov. The group includes about 30 companies. In 2013, the revenue was 15.5 million manat and the financial losses amounted to 20 million manat.
Ltd. Cyber Net was established in 2004 and is one of the leading IT companies. According to the report of Ataholding for 2011, the company (LLC Cyber Net) was sold to the other founders of the holding at face value in 2011. JSC Ataholding is controlled by Heydar Aliyev, 19-year-old son of the President of Azerbaijan Ilham Aliyev. -----08B
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