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Itera holding negotiations on selling 10% in Armenian gas
distributing company
RosBusinessConsulting Database
October 11, 2004 Monday
Itera is holding negotiations on selling 10 percent in Armrosgazprom,
a source close to the company said. A large European investment
holding is among the potential buyers of a 10-percent stake in the
Armenian-based company, the source reported. The 10-percent stake
is valued at $28m, the source said. The press department of Itera
confirmed information about negotiations and declined to disclose
probable participants of the proposed deal.
Gazprom and the Armenian government both have 45-percent stakes in
Armrosgazprom. As Itera does not deliver gas to Armenia, the company
considers the possibility of disposing of this non-core asset, Itera
representatives said. Analysts believe that Gazprom may be interested
in acquiring Itera gas assets. Armrosgazprom controls Armenian gas
distributing networks.
distributing company
RosBusinessConsulting Database
October 11, 2004 Monday
Itera is holding negotiations on selling 10 percent in Armrosgazprom,
a source close to the company said. A large European investment
holding is among the potential buyers of a 10-percent stake in the
Armenian-based company, the source reported. The 10-percent stake
is valued at $28m, the source said. The press department of Itera
confirmed information about negotiations and declined to disclose
probable participants of the proposed deal.
Gazprom and the Armenian government both have 45-percent stakes in
Armrosgazprom. As Itera does not deliver gas to Armenia, the company
considers the possibility of disposing of this non-core asset, Itera
representatives said. Analysts believe that Gazprom may be interested
in acquiring Itera gas assets. Armrosgazprom controls Armenian gas
distributing networks.