Baku Stock Exchange (BSE) on December 29 placed shares of the insurance company AXA MBASK of 2 million 1.68 AZN.
According to the company, capital increase was made possible by the additional issue of five thousand 240 shares with a nominal value of AZN 382 each.
After amplification, the authorized capital of one of the oldest participants in the financial market was 8.73 million manat. Underwriter of the held accommodation is JSC Uni Capital.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services to 25 voluntary and 4 compulsory insurance.
Recall that in October last year, the insurance company changed the main shareholder.
Controlling interest (51%) was acquired by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
December 7, 2010 the MBASK license was updated at AXA MBASK in connection with the change of the company's name.
The paid-up share capital of the company now stands at 6.73 million manat.
It has a national network of 5 branches and representative offices. - 17D-
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