YEREVAN. – One of biggest Armenian businessmen, Mikhail Baghdasarov has sold his ASJ insurance company, sources told Armenian News-NEWS.am.
ASJ was sold to Rasko insurance company, 94.83 % shares of which belong to Region financial-industrial corporation related to Ardshininvestbank.
ASJ is mainly engaged in aviation insurance risks. It is the only company in the Armenian insurance market which refused to be engaged in compulsory car insurance.
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