Shares of Credo Bank for a total amount of 500 000 manats were posted on Wednesday at the Baku Stock Exchange.
Emission of 3 thousand ordinary documentary registered shares with par value of AZN 10 passed state registration in October 2012. According to the exchange, all shares were sold in a single transaction (one investor). Underwriting services were provided by Ltd. Chelsea Capital. On today placed 46% (13.8 million manat) announced issue. According to the legislation issue is held in the case of placing her half.
Paid-in share capital of the bank, thus, reached 34.64 million manat. CredoBank shareholders are 11 individuals and two entities. - 15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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