Buta Sigorta Insurance Company today launched a placement of additional shares in the amount of 4 million manat.
According to BSE, the securities are not included in the quotation list of BSE.
The emission is divided into 200,000 shares with par value of 20 manat per security. Shares must be placed before March 1, 2015.
Underwriter of the shares of the additional issue is LLC Chelsea Capital. Meanwhile the charter capital of Buta Sigorta is 7.3 million manat. As a result of the placement, the share capital will increase 54.8 % to 11.3 million manat.
Buta Sigorta has operated in the insurance market of Azerbaijan since 1996. Buta Sigorta is part of the NAB Group of Companies. -17D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review