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Finance 06/01/2010 Agro Invest Sug’urta to place securities for 2.65bn soums among shareholders
Agro Invest Sug’urta to place securities for 2.65bn soums among shareholders
Tashkent, Uzbekistan (UzDaily.com) -- Agro Invest Sug’urta, insurance company of Uzbekistan, will increase its charter capital by 2.65 billion soums through placement of new shares.

The company will issue 2.65 million ordinary shares with par value of 1,000 soums each. The shares will places on closed subscription.

The insurer said its shareholder Agromashleasing will acquire 2.15 million shares of 81.13% of total emission, while other shareholder Microcreditbank will buy 500,000 shares or 18.87% of total issue.

Agro Invest Sug’urta open joint stock company was founded on 7 October 2008. The company works in voluntary insurance market on 8 classes.

The charter capital of the company is 850 million soums. Microcreditbank holds 51.2% stake in the company, while Agromashleasing possesses 48.8%.

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