SOCAR plans to acquire a 51% stake in Azer-Turk Bank during a recent Supervisory Board meeting.

SOCAR, Azerbaijan's state oil company, aims to acquire a 51% majority stake in Azer-Turk Bank OJSC. The decision was discussed during a recent Supervisory Board meeting led by Mikayil Jabbarov, Minister of Economy and Chairman of the Supervisory Board. The acquisition plan was presented alongside a discussion on the company's progress in the "Production and Development" business segment.

July 17, 2024
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