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Big Armenian businessman will purchase Kotayk brewery

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  • Big Armenian businessman will purchase Kotayk brewery

    news.am, Armenia
    May 6 2011

    Big Armenian businessman will purchase Kotayk brewery


    May 05, 2011 | 16:33

    YEREVAN. - Leader of Prosperous Armenia Party (PAP), the owner of
    Multi Group company Gagik Tsarukyan is negotiating purchase of Kotayk
    brewery, spokesman for PAP leader Khachik Galstyan told Armenian
    News-NEWS.am.

    Galstyan did not specify the price of the brewery. According to him,
    the deal is most likely to be reached next week.

    `At the moment negotiations are underway with the French side that
    bought Kotayk brewery. However, no deal has been concluded yet. We
    will provide details in the future,' he noted.

    Gagik Tsarukyan sold Kotayk brewery in Abovyan town in 2006 for $4
    million to Castel Group, owned by major French businessman Pierre
    Castel.

    Network of factories producing beer in the CIS countries also belongs
    to Castel Group.




    From: A. Papazian
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