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NEVA-RUS INVESTMENT COMPANY IS THE BUYER OF GEORGIAN ASSETS OF GEOPROMINING
arminfo
Monday, June 18, 20:42
The ultimate buyer of Madneuli and Quartzite enterprises, the Georgian
assets of GeoProMining Group (Russia) is Neva-Rus CJSC, another large
Russian investment company, reliable sources in Tbilisi told ArmInfo.
To recall, GeoProMining (GPM) has announced that on June 14, 2012,
it completed the sale of GPM Georgia BV that represents the sale
of two Georgian companies Madneuli and Quartzite for a total cash
consideration of US$120mln. However, the company did not specify
the counterparties to the transaction. According to ArmInfo's
information, the counterparties are Georgian structures, whose ultimate
beneficiary is the St-Petersburg-based Neva-Rus CJSC. In 2010 the
investment company acquired the Metal Prince company in Armenia,
which was the owner of Akhtala mining and processing plant and Sagamar
company. Later, through Metal Prince company, the full block of shares
of Molibdeni Ashkhar company (World of Molybdenum) was acquired. The
latter develops the Dastakert mine. According to the company's data,
the investments in the ore-mining sphere of Armenia have amounted to
100 mln USD.
Karen Kazaryan, Investment Manager of Neva-Rus CJSC, says that
the company's portfolio in Russia includes the network of O'Kay
hypermarkets, St.Petersburg Bank, Mega Auto dealership network, as
well as the network of Chaynaya Lozhka (Tea Spoon) restaurants and
other assets. The range of interests and the geography of investments
cover Russia, the CIS countries, the Middle East, the countries of
Eastern Europe and Africa.
arminfo
Monday, June 18, 20:42
The ultimate buyer of Madneuli and Quartzite enterprises, the Georgian
assets of GeoProMining Group (Russia) is Neva-Rus CJSC, another large
Russian investment company, reliable sources in Tbilisi told ArmInfo.
To recall, GeoProMining (GPM) has announced that on June 14, 2012,
it completed the sale of GPM Georgia BV that represents the sale
of two Georgian companies Madneuli and Quartzite for a total cash
consideration of US$120mln. However, the company did not specify
the counterparties to the transaction. According to ArmInfo's
information, the counterparties are Georgian structures, whose ultimate
beneficiary is the St-Petersburg-based Neva-Rus CJSC. In 2010 the
investment company acquired the Metal Prince company in Armenia,
which was the owner of Akhtala mining and processing plant and Sagamar
company. Later, through Metal Prince company, the full block of shares
of Molibdeni Ashkhar company (World of Molybdenum) was acquired. The
latter develops the Dastakert mine. According to the company's data,
the investments in the ore-mining sphere of Armenia have amounted to
100 mln USD.
Karen Kazaryan, Investment Manager of Neva-Rus CJSC, says that
the company's portfolio in Russia includes the network of O'Kay
hypermarkets, St.Petersburg Bank, Mega Auto dealership network, as
well as the network of Chaynaya Lozhka (Tea Spoon) restaurants and
other assets. The range of interests and the geography of investments
cover Russia, the CIS countries, the Middle East, the countries of
Eastern Europe and Africa.