Still joint Azer-Turk Bank started the placement of an additional issue of shares for aggregate 5,776,340 manat today.
According to Baku Stock Exchange (BSE), the additional issue is divided into the same number of securities with a par value of 1 manat per share included in the non-quotation list of BSE. Underwriter of the placement of shares of the additional issue is LLC Invest-Az.
It is obvious that the bank does not want to merge with similar local entities; that is why the new issue is designed to bring the level of the share capital up to 50 million manat (+ 13.1%).
The authorized capital of Azer-Turk Bank is 44,223,660 AZN at the moment. --17D-
Economics
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