The shares of Credo Bank for a total amount of 500,000 manats were posted on Tuesday at the Baku Stock Exchange.
The issue of 3,000 ordinary shares of par value of 10 thousand manats passed state registration in October. According to the Exchange, all the shares were sold in a single transaction (one investor). The underwriting Services were provided by Chelsea Capital LLC. They have posted 1.7% of the announced issue.
The paid-up share capital of the bank, thus, reached 21.04 million manat. Credo Bank shareholders are 11 individuals and two entities. -15B-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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