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Armenia Interested In Purchasing Georgian Railways

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  • Armenia Interested In Purchasing Georgian Railways

    ARMENIA INTERESTED IN PURCHASING GEORGIAN RAILWAYS

    Messenger Staff
    Tuesday, May 22

    The former chief of the national security service of Armenia, now
    an active member of the opposition, Davit Shahnazarov, thinks that
    under the circumstances Armenia is obliged to immediately purchase
    all the Georgian Railways shares on the London Stock Exchange.

    According to Shahnazarov, this is not only an economic problem,
    but rather a vitally important issue for Armenia's state security.

    Georgian Railways is the only possible way for Armenia to receive
    supplies from the outside world. Armenia already has a railway
    connection with Georgia and the sea ports of Batumi and Poti. 70 %
    of all imported goods enter Armenia via these ports. It was announced
    recently that Georgian Railways intends to sell 25% in shares of the
    company on the London Stock exchange. In turn, it expects to receive
    at least USD 250 million.

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