SOCAR Aims To Acquire Majority Stake In Azer Turk Bank
Date
7/17/2024 5:23:57 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 17. The State Oil
Company of Azerbaijan (SOCAR) intends to acquire 51 percent of Azer
Turk bank OJSC shares, Trend reports via SOCAR.
The issue was discussed on July 16 at a meeting of the
Supervisory Board of SOCAR.
According to the information of the state company, during the
meeting, chaired by the head of the Supervisory Board, Minister of
Economy Mikayil Jabbarov, presented a presentation regarding plans
to purchase 51 percent of shares of Azer Turk Bank and the steps in
this direction.
Furthermore, on July 16 at the meeting of the Supervisory Board
of SOCAR presented a presentation on the work done in the business
segment "Production and Development", the results achieved, and the
upcoming tasks in this area.
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