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Armenian Government Sells Its 10% Stake Of Armentel

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  • Armenian Government Sells Its 10% Stake Of Armentel

    ARMENIAN GOVERNMENT SELLS ITS 10% STAKE OF ARMENTEL

    Noyan Tapan
    Mar 22 2007

    YEREVAN, MARCH 22, NOYAN TAPAN. At the March 22 sitting, the Armenian
    government made a decision to privatize ArmenTel CJCC's 1,883,771
    shares repsresenting the 10% state property by selling them to
    ArmenTel's owner - Vympelkom OJSC. The sale price of property was set
    in the amount equivalent to 1/9th of the price of 90% shares of the
    company acquired by the purchaser and stipulated by a memorandum. NT
    was informed about it from the RA Government Information and PR
    Department.
    From: Baghdasarian
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