Azerbaijan, Baku, Dec. 5 / Trend A. Akhundov /
The Azerbaijani State Securities Committee has registered the issue prospectus of ordinary shares of the Azerbaijani Insurance Company "AXA MBASK" to the amount of 2 million manat, the Baku Stock Exchange said on Wednesday.
The prospectus includes 5,240 shares at par value of 382 manat each. The authorized capital is 6.73 million manat. It will be raised to 8.73 million manat after the new issue is placed.
Uni Capital is the underwriter of the transaction.
In October 2010, MBASK insurance company changed the principal shareholder.
The AXA Group (France) acquired the controlling parcel of shares (51 percent) through its affiliated company AXA Sequros Generales, S.A, De Sequros Y Reasequros (Spain). The license of MBASK was renewed for AXA MBASK in connection with changing the company's name on December 7, 2010.
AXA Group is the world leader in financial protection sphere. It operates in 57 countries around the world mainly in Europe, North America, Asia Pacific region and the Middle East.
The official exchange rate is 0.7848 AZN/USD on Dec. 5.