TODAY.AZ / Business

AtaInsurance Company to increase its ownership capital twice till end of year

17 January 2006 [05:29] - TODAY.AZ
The AtaInsurance Company intends to increase its ownership capital 2 times to the amount $2 million till the end of the current year.

As APA informs, AtaInsurance plans to place additional emission of shares in amount of $1 million in the second half of this year. It was intended to divide emission among the shareholders of the company in accordance with their current participation shares.

It should be noted that the AtaInsurance Company which was given a license for carrying out insurance activity in September, 2004 had been established by AtaHolding (70%) and AtaBank (30%).


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