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France Not To Become Shareholder Of Electrical Network Of Armenia Co

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  • France Not To Become Shareholder Of Electrical Network Of Armenia Co

    FRANCE NOT TO BECOME SHAREHOLDER OF ELECTRICAL NETWORK OF ARMENIA COMPANY...

    news.am
    Sept 23 2011
    Armenia

    YEREVAN.- The Russian company, which is 100-percent shareholder of
    Electrical Network of Armenia company, is not preparing to sell its
    shares to a French company. There is no talk of sale and that news is
    completely unfounded, Electrical Network of Armenia company's Media
    Relations Department Head Natalya Sarjanyan told Armenian News-NEWS.am.

    Information was disseminated in the media that the aforesaid Russian
    company was considering selling 20 percent of its shares to a French
    company, and September 23 was mentioned as the date for this business
    deal.

    It was also noted that the French for a long time were studying
    Armenia's electricity networks and substations, their capacity, and
    by and large the general condition of the system. And this business
    deal was being linked to French President Nicolas Sarkozy's scheduled
    visit to Armenia on October 4.

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