New shareholder in Gilan Holding

BSE became a place of registration of the transaction of purchase and sale of the shares of financial-industrial group "Gilan Holding". The details of insider transaction were not disclosed. By holding its assets among the top three private business structures of Azerbaijan.

Of the parent company's financial and industrial group "Gilan Holding" was established in September 2005. However, payment by shareholders shares at a total cost of 4,000 manat occurred only in 2010. The State Committee for Securities registered the issue of shares of "Gilan Holding" in March 2010.

In the joint-stock company confirmed the deal. However, a change in the shareholders are not reported. In July 2012, after the scandalous publications in the media about belonging to members of the family of President Ilham Aliyev a number of leading companies ("AtaHolding", "Azerfon", "Azenco", AIMROC) the names of the founders of commercial legal entities in Azerbaijan were confidential. It will not hide the fact that "Gilan Holding" controls the Minister of Emergency Situations Kamaladdin Heydarov and his two sons. The holding includes a bank, insurance company, many industrial, agricultural, tourism companies, sports club. - 08B -