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Six Armenian Companies To Be Privatized Through NASDAQ OMX

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  • Six Armenian Companies To Be Privatized Through NASDAQ OMX

    SIX ARMENIAN COMPANIES TO BE PRIVATIZED THROUGH NASDAQ OMX

    PanARMENIAN.Net
    06.10.2009 14:27 GMT+04:00

    /PanARMENIAN.Net/ Six Armenian companies will be privatized through
    NASDAQ OMX.

    "In compliance with the government's decision, 5 state-owned companies
    will be assessed and go private," NASDAQ OMX CEO Armen Melikyan told
    reporters on Tuesday.

    "The companies will be transformed into public corporations," he
    said. "There are some 500 state-owned enterprises in Armenia. 80
    of them are next in turn. The six companies to be privatized first
    were selected by profitability principle. Net profit of one of them
    totaled AMD 16 million."
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