Azerbaijan, Baku, August 6 /Trend A.Akhundov /
French AXA Group has increased its stake in the Azerbaijani AXA MBASK insurance company, the company told Trend on Tuesday.
In October 2010, the MBASK insurance company changed its main shareholder. The controlling stake in the company (51 per cent) was acquired by AXA Group (France) through its subsidiary AXA Seguros Generales, S.A, De Seguros Y Reaseguros (Spain). On December 7, 2010, MBASK's licence was updated to AXA MBASK due to the change of the company's name.
"The capital's structure has changed and today 84 per cent of company's share capital belongs to AXA Group with 16 per cent to individuals', the company said.
To date, the authorised capital of AXA MBASK is 8.73 million manats.
The official exchange rate on August 6 is 0.7844 AZN / USD.
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