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Sistema Will Buy Part of Armentel and Mart

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  • Sistema Will Buy Part of Armentel and Mart

    SISTEMA WILL BUY PART OF ARMENTEL AND MART

    Lragir.am
    26 July 06

    We learned from the minister of trade and economic development Karen
    Chshmarityan that there is no official message connected with the
    sale of Armentel. Meanwhile, the names of the Russian company Sistema
    and the Indian company Knightsbridge Associates have already appeared
    in press. Karen Chshmarityan did not say anything about the second,
    as for the Russian company, "Sistema is a rather serious company.
    In some sense, I can say that this company will contribute greatly
    to the business environment in Armenia."

    The same Russian company is likely to buy the factory MARS, which was
    given to Russia under the project Property for Tax. Karen Chshmarityan
    said he things there is not a political context. "The company has a
    high-level management" and is far from political developments.
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