Baku, Azerbaijan, Oct. 7
By Azad Hasanli - Trend:
Azersun Holding Group of Companies intends to hold an initial public offering (IPO) of the Imishli Sugar Factory, said Abdolbari Goozal, chairman of the holding’s supervisory board.
Goozal made the remarks at a meeting of the agriculture development commission of the Azerbaijan Entrepreneurs’ Confederation Oct. 7.
He added that at the initial stage, the issue is the placement of shares of the sugar factory.
"We intend to put the factory’s 30-40 percent shares up for sale on the London Stock Exchange," he said.
Goozal has not specified the timing of the IPO.
Azersun Holding LLC was established in 1992. The areas of the Holding's activities are tea processing and packing, vegetable oil, trade and distribution, construction, production of cardboard and paper products, canned meat and vegetables, transportation and storage of goods.