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AtaSigorta doubles capital

AtaSigorta doubles capital

05 January 2010 11:33 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijanâ€™s State Committee for Securities has registered Azerbaijan-based insurance company AtaSigortaâ€™s prospectus of ordinary, book-entry, registered shares.

The face value per share is AZN 20, number of shares is 100 000 and total amount of issue is AZN 2 million.

Shares will be sold through public offering in January. If sold successfully, the companyâ€™s authorized (share) capital will double to AZN 4 million.

AtaSigorta, part of AtaHolding Group, has been in operation since 2004.

The company currently provides 31 voluntary and 4 compulsory types of insurance.

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