Azerbaijan’s major electricity distributor raises capital

Azerbaijan’s major electricity distributor raises capital
# 20 November 2008 12:32 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of Bakuelektrikshebeke OJSC.
The volume of the issue is AZN 27.9 million, face value per stock AZN 2.
Experts say placing is likely to start in December.
If floated successfully, the company’s authorized capital will rose by 58.9% to AZN 75 261 432.
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THE OPERATION IS BEING PERFORMED