Azerbaijani AXA MBASK starts placement of shares
Baku, Azerbaijan, Jan.23
By Azad Hasanli - Trend:
On January 23, the Baku Stock Exchange (BSE) starts offering prospectus of shares emission of the insurance company AXA MBASK totaling 2.5 million AZN, said the message of the BSE, posted on its website.
The official exchange rate for January 23 is 0.7844 AZN / USD.
The issue prospectus includes 6,545 shares at par value of 382 AZN.
The placement underwriter is the Unicapital Ltd.
As a result of the placement, the company's authorized capital will reach 14.23 million AZN.
MBASK Insurance Company operates since 1992 and is one of the first private insurance companies in Azerbaijan. In 2010, one of the largest insurance companies in the world, AXA Group, through its subsidiary company AXA Seguros Generales, SA, De Seguros Y Reaseguros (Spain) acquired a control stake (51 percent) of MBASK insurance company.
Edited by CN
Follow the author on Twitter: @AzadHasanli