One investor interested in shares of company importing food products from Azerbaijan

Today, an auction was held at the Baku Stock Exchange CJSC (BSE) to place ordinary, registered, non-documentary shares of Merano-Baku OJSC for 100,000 manats ($58,823), Report informs referring to the BSE.

One of the investors submitted one application for 100,000 manats. Thus, the placement took place in full, and the authorized capital of Merano-Baku doubled, reaching 200,000 manats ($117,650).

Merano-Baku OJSC was established in 2016. The company’s shares are 100% owned by Namik Asgarov. The company is engaged in the import of food products to Azerbaijan.