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New owner of Electric Networks to visit Yerevan

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  • New owner of Electric Networks to visit Yerevan

    Haykakan Zhamanak: New owner of Electric Networks to visit Yerevan

    13:01 * 28.03.15


    Samvel Karapetyan, the Russian-Armenian businessmen who is reported to
    be the new owner of the Electric Networks of Armenia, is arriving in
    Yerevan on Wednesday to finalize the deal, the has learned.

    Citing its sources, it says that the company is now conducting a final
    auditing upon his instruction. Karapetyan, who is reported to be in
    Dubai with the Prosperous Armenia party's former leader, Gagik
    Tsarukyan, and businessman-lawmaker Samvel Alexanyan (ruling
    Republican Party), is also expected to resolve HR-related issues at
    the company. The paper claims that the businessman will complete the
    purchase not by directly paying the Electric Networks' debts (which
    was earlier reported to amount to $100 million) but through account
    transfers and crediting mechanisms.


    http://www.tert.am/en/news/2015/03/28/hz/1630582

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