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Armenian Businessman Becomes Shareholder Of Great Turkish Company: T

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  • Armenian Businessman Becomes Shareholder Of Great Turkish Company: T

    ARMENIAN BUSINESSMAN BECOMES SHAREHOLDER OF GREAT TURKISH COMPANY: TURKS APPEAL AGAINST THIS BARGAIN

    Noyan Tapan
    Armenians Today
    Jul 09 2007

    ANKARA, JULY 9, NOYAN TAPAN - ARMENIANS TODAY. The joint Russian-Kazakh
    "TransCentralAsia Petrochemical" company bought the 51% of the
    securities of the Turkish "Petkim" petrochemical company, that
    is to say, the control package. According to the Turkish sources,
    the company paid a record price for the securities of the "Petkim"
    company, that is, 2 billion and 50 million dollars.

    According to the Turkish Press, an action was filed to the Turkish
    State Council (Supreme Instance of Appeal) claiming to invalidate
    that bargain and stop the process of the transfer of securities. The
    motivations that the "Troika Dialog" company belonging to Ruben
    Vardanian, an Armenian businessman, is included in the joint
    Russian-Kazakh company are put forward in this application: "It has
    become known that the "Troika Dialog" company, which belongs to the
    Armenian businessman, who plays a great role within the frameworks of
    the Armenian Diaspora, has made a financial investment in the process
    of buying the securities of the "Petkim" petrochemical company. This
    circumstance has become a reason for a number of issues connected with
    this bargain and serious doubts," is mentioned in the application of
    lawyer Gyokhan Jandogan.

    It should also be mentioned that the Russian "Investment Bank
    Troika Dialog" and the Kazakh "Kazak Caspi Neft", as well as the
    "Investment Industrial Group Eurasia" companies are also included in
    the "TransCentralAsia Petrochemical" holding.

    According to the Turkish sources, the fortune of Ruben Vardanian
    makes about 960 million dollars. He is one of the most prominent
    representatives of the Armenian community in Russia, who is also the
    coordinator of the "Hayastan - 2020" program.

    From: Emil Lazarian | Ararat NewsPress
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