Southern Gas Corridor increases its charter capital

The Southern Gas Corridor (CJSC) has increased its charter capital.

CJSC registered the prospectus for share issues under AZ1003019390 ISIN: 100 shares at $7.25 million face value (AZN 7.608 million). The shares will be placed privately. As a result of the new issue placement, the charter capital of the Southern Gas Corridor CJSC will be increased from $300 million to $1.025 billion, abc.az reports with reference to the State Securities Committee of Azerbaijan.CJSC, owned by the State Oil Company (SOCAR) and the State Oil Fund (SOFAZ) on a parity basis, has been established to implement projects for supplying Azerbaijani gas to Europe.

CJSC registered the prospectus for share issues under AZ1003019390 ISIN: 100 shares at $7.25 million face value (AZN 7.608 million). The shares will be placed privately.

 

As a result of the new issue placement, the charter capital of the Southern Gas Corridor CJSC will be increased from $300 million to $1.025 billion, abc.az reports with reference to the State Securities Committee of Azerbaijan.

CJSC, owned by the State Oil Company (SOCAR) and the State Oil Fund (SOFAZ) on a parity basis, has been established to implement projects for supplying Azerbaijani gas to Europe.