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Armrosgasprom's capital to reach $1bln by 2010
YEREVAN, March 7. /ARKA/. The ArmRosgasprom Company's capital is to
reach $1bln by 2010, Armrosgasprom Board Chairman and Director General
Karen Karapetyan told reporters.
He said that the company plans an additional issue of shares, which
implies the involvement of all the three stockholders of ArmRosgasprom.
Among the ArmRosgasprom stockholders are the stockholders being Gasprom
(57.59% of shares), RA Ministry of Energy (34.7%) and ITERA (7.71%).
`If one of our stockholders applies for participation, it may change
its share in the capital, which will dependent on which one of the
stockholders is more active in making investments,' Karapetyan said.
On February 15, the RA Public Services Regulatory Commission permitted
the Gasprom public corporation to purchase 19mln ordinary registered
shares issued by Armrosgasprom at a nominal value of 5,026.5 AMD each.
The additional issue was aimed at the replenishment of the company's
authorized capital with 95.5bln AMD (about $309.4mln).
The ArmRosgasprom Company holds a monopoly of supply and distribution
of Russian gas in Armenia. Gas is transited to Armenia through Georgia.
The company was founded in 1997, the stockholders being Gasprom (57.59%
of shares), RA Ministry of Energy (34.7%) and ITERA (7.71%). `0--
YEREVAN, March 7. /ARKA/. The ArmRosgasprom Company's capital is to
reach $1bln by 2010, Armrosgasprom Board Chairman and Director General
Karen Karapetyan told reporters.
He said that the company plans an additional issue of shares, which
implies the involvement of all the three stockholders of ArmRosgasprom.
Among the ArmRosgasprom stockholders are the stockholders being Gasprom
(57.59% of shares), RA Ministry of Energy (34.7%) and ITERA (7.71%).
`If one of our stockholders applies for participation, it may change
its share in the capital, which will dependent on which one of the
stockholders is more active in making investments,' Karapetyan said.
On February 15, the RA Public Services Regulatory Commission permitted
the Gasprom public corporation to purchase 19mln ordinary registered
shares issued by Armrosgasprom at a nominal value of 5,026.5 AMD each.
The additional issue was aimed at the replenishment of the company's
authorized capital with 95.5bln AMD (about $309.4mln).
The ArmRosgasprom Company holds a monopoly of supply and distribution
of Russian gas in Armenia. Gas is transited to Armenia through Georgia.
The company was founded in 1997, the stockholders being Gasprom (57.59%
of shares), RA Ministry of Energy (34.7%) and ITERA (7.71%). `0--