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ARMENIA APPROVES SALE OF 20% STAKE IN ARMROSGAZPROM TO GAZPROM
Interfax, Russia
Jan 16 2014
YEREVAN. Jan 16
The Armenian government approved the sale of 20% stake in CJSC
ArmRosGazprom to Russia's Gazprom (MOEX: GAZP) on Thursday.
Presenting a draft of the sales agreement, Armenian Deputy Energy
Minister Joseph Isayan said that the agreement is in line with the
previous agreement signed during Russian President Vladimir Putin's
visit to Armenia on December 2, 2013.
Isayan said that the agreement provides for the sale of 20.0007%
of ordinary shares, or 12.6 million shares with total par value of
63.333 billion dram, or $155.6 million at the current exchange rate.
The Armenian government has authorized Isayan to sign the agreement
with Russia, which is to be signed by January 17, 2014.
The agreement on the terms of the purchase-sale and future activities
of ArmRosGazprom was signed in Yerevan on December 2, 2013.
The agreement stipulates that Gazprom, which owns 80% of ArmRosGazprom,
will receive the remaining 20% owned by the Armenian government.
Armenian Energy and Natural Resources Minister Armen Movsisyan has said
that the government is transferring its 20% stake in ArmRosGazprom
to Gazprom in exchange for the settling the country's $155 million
debt for Russian gas delivered to the country.
The agreement on the terms of the purchase-sale and future activities
of ArmRosGazprom and an intergovernmental agreement on cooperation
in supplies of natural gas to Armenia were approved by the Armenian
parliament on December 23, 2013.
Kh pr vp ak
From: Baghdasarian
Interfax, Russia
Jan 16 2014
YEREVAN. Jan 16
The Armenian government approved the sale of 20% stake in CJSC
ArmRosGazprom to Russia's Gazprom (MOEX: GAZP) on Thursday.
Presenting a draft of the sales agreement, Armenian Deputy Energy
Minister Joseph Isayan said that the agreement is in line with the
previous agreement signed during Russian President Vladimir Putin's
visit to Armenia on December 2, 2013.
Isayan said that the agreement provides for the sale of 20.0007%
of ordinary shares, or 12.6 million shares with total par value of
63.333 billion dram, or $155.6 million at the current exchange rate.
The Armenian government has authorized Isayan to sign the agreement
with Russia, which is to be signed by January 17, 2014.
The agreement on the terms of the purchase-sale and future activities
of ArmRosGazprom was signed in Yerevan on December 2, 2013.
The agreement stipulates that Gazprom, which owns 80% of ArmRosGazprom,
will receive the remaining 20% owned by the Armenian government.
Armenian Energy and Natural Resources Minister Armen Movsisyan has said
that the government is transferring its 20% stake in ArmRosGazprom
to Gazprom in exchange for the settling the country's $155 million
debt for Russian gas delivered to the country.
The agreement on the terms of the purchase-sale and future activities
of ArmRosGazprom and an intergovernmental agreement on cooperation
in supplies of natural gas to Armenia were approved by the Armenian
parliament on December 23, 2013.
Kh pr vp ak
From: Baghdasarian