Azergarant increases authorized capital

Azergarant increases authorized capital
# 17 March 2011 12:08 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azergarnt Insurance Company intends to increase the authorized capital by 23% to AZN 4 mln, deputy chairman of Board of Directors Shukur Huseynov told APA.

According to him, the additional share emission is planned to be held on the account of 2010’s profit, including founder’s additional allowances. The placement will be held in early April.

Remind that, Azergarant has been in operation since 1993. The company operates 23 voluntary and 4 compulsory insurance types.
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THE OPERATION IS BEING PERFORMED