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VTB not interested in buying Armenian enterprise "prometey-khimprom"

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  • VTB not interested in buying Armenian enterprise "prometey-khimprom"

    Arka News Agency, Armenia
    Oct 27 2006

    VTB NOT INTERESTED IN BUYING ARMENIAN ENTERPRISE "PROMETEY-KHIMPROM"

    YEREVAN, October 27. /ARKA/. Vneshtorgbank (VTB) is not interested in
    buying the Armenian enterprise "Prometey-Khimprom", Senior
    Vice-President and member of the VTB administrative board Vasily
    Titov reportee at the press conference Friday. At the same time, he
    reported the daughter structure of the VTB - VTB Capital- considered
    the issue on buying and launching the Vanadzor chemical factory.
    Titov said that the factory did not operate at that time and after
    its state was examined by several Russian audit companies, a decision
    was made not to buy it.
    The Vanadzor "Prometey-Khimprom" Company was put into operation in
    2005 after the long standstill. After the failure attempt to transfer
    the enterprise to the Slovakian company Dividend Group for
    management, "Prometey-Khimprom was put into operation by his current
    owner - the Russian "Zakneftegasstroy - Prometey" Company. It bought
    100% shares of the enterprise for $1.5mln. R.O. --0-
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