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STAR Doesn't Rule Out Closed Issue Of Shares

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  • STAR Doesn't Rule Out Closed Issue Of Shares

    STAR DOESN'T RULE OUT CLOSED ISSUE OF SHARES

    ArmInfo
    2009-05-20 19:49:00

    ArmInfo. The STAR company doesn't rule out holding of a closed issue
    of shares to increase the capital, Executive Director of STAR Vahan
    Kerobyan told ArmInfo correspondent. "During the crisis, the growth
    of capitalization is special necessity for the company to operate as
    steadily as possible",- he said. At the same time, Kerobyan said that
    during the recent annual meeting of stockholders of the European Bank
    for Reconstruction and Development in London, EBRD confirmed that it is
    going to increase the capitalization of the STAR company. To recall,
    STAR was also going to attract financing from various international
    financial organizations.

    To recall, at present, the STAR network, which has been operating since
    1998, numbers 13 supermarkets (12 in Yerevan, 1 in Hrazdan). One of
    the STAR shareholders is EBRD with 28.3% share of participation.
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