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Newspaper: Gagik Tsarukyan going to buy Nairit Plant
arminfo
Saturday, November 24, 12:40
Leader of Prosperous Armenia Party, businessman Gagik Tsarukyan, is
going to buy Nairit Plant CJSC, a Yerevan-based Hraparak newspaper
writes. Tsarukyan had such intention yet in 2006, but to buy the plant
he needed "active involvement" by then president Robert Kocharyan.
As for today's intentions of the businessman, the paper writes, the
situation is even more complicate for Tsarukyan, as Itera oil and gas
company, Russia, offer a high price for the plant. In addition, Itera
Company is currently negotiating with the Armenian Government of trust
management of the plant.
Earlier Itera Group held a 10% stake in ArmRusgasprom CJSC and sold it
to Russian Gazprom. Nairit plant was the only producer of chloroprene
rubber in the USSR. In 1989 it was closed due to ecological reasons.
The plant re-started its operations in 1992-1993. In 2001 production
capacities necessary for the production of chloroprene rubber were
separated from "Nairit". In 2006, 90% of the shares of "Nairit" were
sold to British Consortium Rainoville Property Limited for 40 million
US dollars. Rhinoville Property Limited holds 89,999% shares in the
plant, the Armenian Ministry for Energy and Natural Resources -
4.496%, and ArmRusgasprom - 3.569%, Yerevan TPP - 1.907%.
From: Emil Lazarian | Ararat NewsPress
arminfo
Saturday, November 24, 12:40
Leader of Prosperous Armenia Party, businessman Gagik Tsarukyan, is
going to buy Nairit Plant CJSC, a Yerevan-based Hraparak newspaper
writes. Tsarukyan had such intention yet in 2006, but to buy the plant
he needed "active involvement" by then president Robert Kocharyan.
As for today's intentions of the businessman, the paper writes, the
situation is even more complicate for Tsarukyan, as Itera oil and gas
company, Russia, offer a high price for the plant. In addition, Itera
Company is currently negotiating with the Armenian Government of trust
management of the plant.
Earlier Itera Group held a 10% stake in ArmRusgasprom CJSC and sold it
to Russian Gazprom. Nairit plant was the only producer of chloroprene
rubber in the USSR. In 1989 it was closed due to ecological reasons.
The plant re-started its operations in 1992-1993. In 2001 production
capacities necessary for the production of chloroprene rubber were
separated from "Nairit". In 2006, 90% of the shares of "Nairit" were
sold to British Consortium Rainoville Property Limited for 40 million
US dollars. Rhinoville Property Limited holds 89,999% shares in the
plant, the Armenian Ministry for Energy and Natural Resources -
4.496%, and ArmRusgasprom - 3.569%, Yerevan TPP - 1.907%.
From: Emil Lazarian | Ararat NewsPress