Garadagh Cement Supervisiory Council reshuffled
Azerbaijan, Baku, June 8 / Trend /
By a decision of Annual General Meeting of the Shareholders of the "Garadagh Cement" Open Joint Stock Company (OJSC) the company's Supervisiory Council has been reshuffled. Kamran Abbasov will replace Tim Zur, the company's press release says.
The meeting participants discussed and unanimously approved annual agenda of the general meeting of shareholders, the annual report for 2010, financial report of revision committee, the Charter of the company's proposed amendments, the profit distribution in 2010.
The Annual Meeting of Shareholders of "Garadagh Cement" OJSC was held in full compliance with the legislation of the Republic of Azerbaijan.
The Holcim Ltd has 66 percent and AIC 10 percent of the charter fund of "Garadagh Cement" OJSC. Two other legal entities of the shareholders - the European Bank for Reconstruction and Development and Holcim Auslandbeteiligungs GmbH - have correspondingly 10 percent and 3.61 percent of the total number of shares of the company. The fifth legal entity from the shareholders is "Azer İnvest Kompani" LLC who has 0.43 percent of the shares. Remaining 10 percent of the total number of shares belongs to physical person shareholders.
Founded 1912 in Switzerland, the Holcim Group has grown into a leading global player with a market presence on all continents including majority and minority interests in more than 70 countries.