Tweet
Cronimet, Comsup Commodities pay $25 mln in ZMMK privatization
Interfax, Russia
Oct 15 2004
Yerevan. (Interfax) - Germany's Cronimet and Comsup Commodities of
the United States have each paid half of $25 million to the Armenia
government, thereby fulfilling one condition in a tender for 100%
of the stock in the Zangezur copper and molybdenum combine ZMMK.
Armenian Trade and Economic Development Minister Karen Chshmaritian
announced at a Thursday government briefing that the companies had
presented the government with a single investment program whose price
tag he declined to specify.
The tender's conditions stipulate that 100% of the ZMMK stock must
go for an overall $130 million.
Interfax, Russia
Oct 15 2004
Yerevan. (Interfax) - Germany's Cronimet and Comsup Commodities of
the United States have each paid half of $25 million to the Armenia
government, thereby fulfilling one condition in a tender for 100%
of the stock in the Zangezur copper and molybdenum combine ZMMK.
Armenian Trade and Economic Development Minister Karen Chshmaritian
announced at a Thursday government briefing that the companies had
presented the government with a single investment program whose price
tag he declined to specify.
The tender's conditions stipulate that 100% of the ZMMK stock must
go for an overall $130 million.