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Friday, 07 July 2017 10:00

SOCAR Georgia increases a stake

SOCAR Georgia increases a stake

SOCAR has significantly increased its stake in its subsidiary SOCAR Energy Georgia, the 2016 Consolidated Financial Statements of SOCAR said, Caspian Energy News (www.caspianenergy.net) reports with reference to marja.az.

According to the document, in May 2017 SOCAR increased its share in the subsidiary structure by 16.34%. The deal cost SOCAR $34 million or 58 million manats. Thus, the share of the state-owned company in SOCAR Energy Georgia increased from 51% to 67.34%.

More details:  http://marja.az/news/9694?title=socar-34-milyon-dollar-odeyib-pay-aldi-gurcustanda  

Person in charge of the newsline: Fidan Isayeva 

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