Two companies acquire stake in state-owned bank

‘Naxçıvansığorta’, which is in the process of liquidation, has announced the removal of its shares from circulation and liquidation.

The auction on placement at the Baku Stock Exchange (BSE) of interest-bearing, unsecured, undocumented, registered shares of "Pasha Investment Bankası", a subsidiary of "Pashabank"’ in Turkey, with the code Az2009020176 ISIN, the value of USD 25 million and the 18-month maturity, has been completed.

By the decision of the Listing Committee of the Baku Stock Exchange (BSE), ordinary, undocumented, registered shares of "International Leasing" joint stock company under the code AZ1002023237 ISIN worth 1 million manats are included in the listing in the standard market segment.

By the decision of the Listing Committee of the Baku Stock Exchange (BSE) ordinary, non-documented, registered shares of "Express Lombard" joint stock company under the code AZ1001025894 ISIN with the nominal value of AZN 1 million are listed in the standard segment of the market.