Azersun Holding registers new subsidiary

Business 14 September 2010 15:42 (UTC+04:00)

Azerbaijan, Baku, Sept. 14 / Trend N. Ismayilova /

The Azersun group of companies has registered 'Azersun un Memulatlari' Ltd. at the Azerbaijani Taxes Ministry through the "single window" system for opening new businesses, the ministry has reported.

A part of Azersun Holding Ltd., pastry manufacturer Azersun un Memulatlari passed state registration on Aug. 18, with authorized capital of 10,000 manat. The legal representative of the company is Iranian citizen Shadfar Mohammad Ali.

Azersun Holding Ltd. was established in 1992. The holding is engaged in processing and packing tea and vegetable oil, trade and distribution, construction, banking, insurance, production of cardboard and paper products, meat and vegetables, transport, storage of cargo and other activities.

The official exchange rate is 0.3037 manat to $1 Sept. 14.

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