Bank Of Baku

One more foreign investor acquires equity in Azerbaijan’s banking sector

 One more foreign investor acquires equity in Azerbaijan’s banking sector
# 10 January 2014 14:14 (UTC +04:00)

Baku. Nail Huseynli – APA-Economics. ShoreCap II Ltd fund which is managed by the US Equator Capital Partners Company has acquired equity in the authorized capital of Turanbank OJSC. 

 

According to APA-Economics, this deal has been closed during the placement of ordinary, book-entry shares of the bank with the volume of AZN 4,000,154, quantity of 3,697 at the end of 2013. Thus, the Fund has paid AZN 3,276,296 for 3,028 shares and become new shareholder of Azerbaijan-based bank. 

 

ShoreCap II is a microfinance investment fund providing equity for regulated and established microfinance institutions and small business banks in Africa and Asia.

 

 

 

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