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SOCAR increases share in Georgian subsidiary

On 29 May 2017 SOCAR purchased 16.34 per cent shares of SOCAR Energy Georgia for the consideration in the amount of AZN 58 (USD 34 million), according to the consolidated report on SOCAR financial activities in 2016.

As a result, SOCAR’s controlling ownership in SOCAR Energy Georgia increased from 51 per cent to 67.34 per cent.

 

 

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