Shares of Garadagh Cement Plant tripled

Baku. 2 September. REPORT.AZ/ "Baku Stock Exchange" CJSC (BSE) signed agreement on purchase and sale of shares of "Holcim Azerbaijan" OJSC (Garadagh Cement Plant). Report informs referring to BSE.

According to the information transaction involves the purchase and sale of the company's 93 shares.

Shares sold at 3.3 times higher price than the nominal value - 66.75 AZN. In other words, the transaction worth about 6 200 manat. The identity of the parties were not disclosed.

Holcim (Azerbaijan) OJSC established in 2000 and the country's largest cement producer. Its charter capital is 31 812 880 AZN.

This amount formed on the basis of 1 590 644 shares with par value of 20 AZN.

76% of the shares owned by Swiss, "Lafarge Holcim" and "Holcim Auslandbeteiligungs GmbH." Companies (66% and 10% respectively), 10% - European Bank for Reconstruction and Development (EBRD), 14% owned by individuals.