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Finance 05/03/2012 Universal Sug’urta to place shares for 2.999 bn soums
Universal Sug’urta to place shares for 2.999 bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Universal Sug’urta open joint stock insurance company registered new emission of shares for over 2.999 billion soums.

The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered the prospectus of emissions of Universal Sug’urta.

Within the emission, Universal Sug’urta will issue 4,100 ordinary shares. The par value of shares make up 731,533.57 soums. Total volume of emission is over 2.999 billion soums.

Universal Sug’urta is non-state insurance company, which has been operating in Uzbekistan since 1994. The company was founded on 24 May 1994 and it was named Metro.

The shares will be placed on close subscription. The securities will be placed among Turonbank, Orient Capital Management, Manhold Commercial Limited, Universalbank, Тuron Investment Group and Metroloyiha.

In 2003, Swiss investors became founders of the company and it was renamed to joint Uzbek-Swiss insurance company Universal Sug’urta. In 2007, Swiss companies exit the company and new companies became founders of the company.

Universal Sug’urta works in insurance market in line with license of Finance Ministry from 8 April 2008 in general voluntary and mandatory insurance. Universal Sug’urta carries out activity on 13 classes of voluntary and mandatory insurance.

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