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Leader of "Prosperous Armenia" purchased the brewery Kotayk
YEREVAN, May 5. /áRëá/. Leader of political party "Prosperous
Armenia", large entrepreneur Gagik Tsarukyan, bought the brewery
"Kotayk" from French company which was sold some years ago, newspaper
"Zhoghovurd" (People) informs.
Press-secretary of the party Khachik Galstyan, answering the questions
of the journalists, did not inform the price of the deal and the
purpose of the plant sale and repurchase. "Negotiations over this
issue continue and after the completion of the transaction we will
inform the details", he said.
The deal will be formalized next week.
Abovyan brewery "Kotayk" was established in 1974. In 1997, the company
was established on the basis of joint venture, in which 71% of shares
belonged to the French company Castel and 29% - to the citizen of
Armenia Gagik Tsarukyan.
Investments of the French company in the enterprise was $18 million.
The company produces 7 types of beer, including non-alcoholic beer.
Export of the product is implemented particularly to the USA, Russia,
France and Germany.
However, in 2006 French entrepreneur Pierre Castel, founder of the
concern Castel Beer, bought from Tsarukyan 29% of shares of the
brewery "Kotayk" by $4. -0-
From: A. Papazian
YEREVAN, May 5. /áRëá/. Leader of political party "Prosperous
Armenia", large entrepreneur Gagik Tsarukyan, bought the brewery
"Kotayk" from French company which was sold some years ago, newspaper
"Zhoghovurd" (People) informs.
Press-secretary of the party Khachik Galstyan, answering the questions
of the journalists, did not inform the price of the deal and the
purpose of the plant sale and repurchase. "Negotiations over this
issue continue and after the completion of the transaction we will
inform the details", he said.
The deal will be formalized next week.
Abovyan brewery "Kotayk" was established in 1974. In 1997, the company
was established on the basis of joint venture, in which 71% of shares
belonged to the French company Castel and 29% - to the citizen of
Armenia Gagik Tsarukyan.
Investments of the French company in the enterprise was $18 million.
The company produces 7 types of beer, including non-alcoholic beer.
Export of the product is implemented particularly to the USA, Russia,
France and Germany.
However, in 2006 French entrepreneur Pierre Castel, founder of the
concern Castel Beer, bought from Tsarukyan 29% of shares of the
brewery "Kotayk" by $4. -0-
From: A. Papazian