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TBILISI PUTS ON SALE "GEORGIAN OIL AND GAS CORPORATION", "GEORGIAN RAILWAY", "GEORGIAN ENERGY SYSTEM"
APA
Aug 11, 2011
Azerbaijan
Armenian press: Azerbaijani companies may buy the management right
of the gas pipeline from Russia to Armenia
Baku. Habil Suleymanzadeh - APA. The government of Georgia intends
to sell the shares of "Georgian oil and gas corporation" that owns
North-South gas pipeline. APA reports that Georgian Minister for
Energy and Natural Resources Georgi Khetaguri said it was discussed
at the recent meeting of the government and the draft amendments
were approved.
Khetaguri said the shares will be put on sale in London, New York
and other leading stock exchanges. In the initial stage, 25 percent
of the shares will be put on sale.
"Along with the shares of "Georgian oil and gas corporation", the
shares of "Georgian railway", "Georgian energy system" and other
strategic companies will be put on sale in western stock exchanges.
Khetaguri said the initial process started.
"We have agreed with the investment banks to start registration for
the placement of shares in the stock exchanges," he said.
Khetaguri's statement caused concern in Armenia. Armenian publications
write that the fate of the Georgian part of the gas pipeline from
Russia to Armenia may be brought into question. Armenian newspapers
write that Azerbaijani companies may buy the management right of
the pipeline.
From: A. Papazian
APA
Aug 11, 2011
Azerbaijan
Armenian press: Azerbaijani companies may buy the management right
of the gas pipeline from Russia to Armenia
Baku. Habil Suleymanzadeh - APA. The government of Georgia intends
to sell the shares of "Georgian oil and gas corporation" that owns
North-South gas pipeline. APA reports that Georgian Minister for
Energy and Natural Resources Georgi Khetaguri said it was discussed
at the recent meeting of the government and the draft amendments
were approved.
Khetaguri said the shares will be put on sale in London, New York
and other leading stock exchanges. In the initial stage, 25 percent
of the shares will be put on sale.
"Along with the shares of "Georgian oil and gas corporation", the
shares of "Georgian railway", "Georgian energy system" and other
strategic companies will be put on sale in western stock exchanges.
Khetaguri said the initial process started.
"We have agreed with the investment banks to start registration for
the placement of shares in the stock exchanges," he said.
Khetaguri's statement caused concern in Armenia. Armenian publications
write that the fate of the Georgian part of the gas pipeline from
Russia to Armenia may be brought into question. Armenian newspapers
write that Azerbaijani companies may buy the management right of
the pipeline.
From: A. Papazian