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Baku Stock Exchange shareholder replaced

Baku Stock Exchange shareholder replaced

07 August 2009 13:33 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Caspian Financial LLC has succeeded AG Bank as a shareholder and a member in the Baku Stock Exchange (BSE), said the BSE in a statement.

Caspian Financial LLC is 51% owned by Kazimir Partners (UK) and 49% by AG Bank.

The companyâ€™s objective to provide brokerage and investment banking, as well as asset management services in domestic and foreign securities markets,.

On 14 May, 2009, the State Committee for Securities isseed a license to Caspian Financial LLC for brokering services.

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