SOCAR to purchase DESFA at the cost of state funds


SOCAR will realize the acquisition of DESFA’s stakes at the cost of state funds.

SOCAR vice-president on economic issues Suleyman Gasimov told reporters that acquisition of DESFA’s stakes at 400 mln Euros will be carried out at the cost of increase of SOCAR’s authorized capital.

“We think DESFA company is very attractive as an investment project. Profitability of this project will be satisfactory for both SOCAR and the state”, he added.

Adapted from APA-Economics

 

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