Aztelekom's stake in Rabitəbank rose to 0.0902% after Baktelecom's shares were transferred as part of the merger.
AI will summarize what happened, why it matters and what it means for business.
In connection with the merger of Baktelecom LLC with Aztelekom LLC, Baktelecom's stake of 0.0462% in Rabitəbank OJSC has been transferred to Aztelekom.
As a result, Aztelekom's stake in the bank increased from 0.044% to 0.0902%.
It should be noted that Rabitəbank was founded in 1993. Its authorized capital is 101.3 million manats.
Aztelekom's stake in Rabitəbank was 0.044%
Aztelekom's stake in Rabitəbank increased from 0.044% to 0.0902% after Baktelecom's shares were transferred.
Aztelekom is expected to continue integrating Baktelecom's assets, which may affect the bank's future ownership structure.
Azerbaijan state operator of fixed-line communications and internet.