TODAY.AZ / Business

Azerbaijan Investment Company to invest in Milk-Pro LLC

10 February 2007 [01:38] - TODAY.AZ
Azerbaijan Investment Company (AIC) and Milk-Pro LLC can sign an investment in March.

AIC Executive Director Riyad Gasimov told APA that negotiations are close to agreement.

The agreement will finance construction of a new Milk-Pro factory in Baku. Moreover, AIC will acquire a 20% stake in Milk-Pro. Investment from other sources will also be made in the company.

Milk-Pro LLC is engaged in production of dairy products and juices.

The companies signed memo of understanding on December 14.

URL: http://www.today.az/news/business/36228.html

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