Baku Stock Exchange (BSE) on September 17 will place shares of the insurance company Buta Sigorta.
According to the company, capital increase will be possible due to the additional production of 75 thousand shares with a nominal value of AZN 20 each. After the amplification by AZN 1.5 million the registered capital will amount to 7.3 mln.
LLC Chelsea Capital is the underwriter.
Insurance company Buta Sigorta (formerly called Thames Insurance Group) with a paid registered capital of 5.8 million manat has been operating in the insurance market since 1996.
The company provides services for the nominally 17 types of voluntary and three types of compulsory insurance.
From January to July this year, the premiums reached 565 thousand manat and the payments totaled 91.2 thousand manat. - 17D-
Economics
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