Today.Az » Business » Azer-Asia Insurance JV to be OJSC in March
17 March 2007 [10:54] - Today.Az
Azerbaijan-Iran joint venture Azer-Asia intends to shift its legal status to Open Joint Stock Company by the end of March.
Company's official Aynur Babayeva told APA-Economics that the paperwork will soon be submitted to the Ministry of Justice. The company is planning to raise its authorized capital in the nearest future. Azer-Asia Insurance JV was established by Iran's Asia Company (49%) and Azerbaijan's Azersigorta State Commercial Company (51%) in 1997. It provides 7 voluntary and 2 compulsory insurance services.
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