SOFAZ liquidated company established in S Korea

17:27 - 1.09.2021

September 1, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) liquidated MAPS21, a company established in South Korea in October 2011.

ABC.AZ informs with reference to SOFAZ’s audit report.

This is linked with the fact that last year the Fund sold real estate purchased in this country.

Currently, SOFAZ owns 13 subsidiaries outside Azerbaijan. Of them, 5 are located in the UK (Jersey), 5 in Luxembourg, 1 in Japan, 1 in France and 1 in Russia. In 12 of the companies, the Fund's share is 100%, and in 1 (in Japan) – 98%. Of the 13 companies, 9 were created for real estate management, and 4 for investment management.

 

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