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One company bids for Zangezour plant

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  • One company bids for Zangezour plant

    ONE COMPANY BIDS FOR ZANGEZOUR PLANT

    ArmenPress
    June 9 2004

    YEREVAN, JUNE 9, ARMENPRESS: Trade and development minister Karen
    Chshmaritian told a news conference on Tuesday that only one German
    company has made a bid for participation in a tender for privatization
    of Zangezour metallurgical plant in southern Armenia.

    The deadline for filing bids is June 26. Chshmaritian said the shares
    of the plant are estimated $130 million. The minister said the plant
    works with profits, which last year amounted to $20 million.
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