Shares of JSC "Bank VTB" (Azerbaycan) for a total of 13.77 million manat posted on Monday on the BSE.
The issue 135 million ordinary registered non-documentary shares of AZN 0.2 was registered by the end of last month. According to the exchange, all shares were sold in a single transaction (one investor). Underwriting services are provided by Brokdil-az LLC.
So far they have placed 51% (13.77 million manat) announced issue. According to the legislation, an issue is held in the case of placing a half of it.
Russian Bank VTB acquired a 51% stake in Azerbaijan AF Bank and did the re-branding in 2008. -15D -
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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