Sunday, 15 December 2002

Armenian Government Accepts Russian Corporate Proposal

Published in News Digest

By empty (12/15/2002 issue of the CACI Analyst)

PRIVATE The Government of Armenia accepted a proposal by the Russky Alyuminy company on acquiring 100 percent of the Armenal foil-rolling factory's shares by the latter. This was disclosed here today at the Armenian Government's public-relations department. (The Armenal enterprise was known as KANAZ during the Soviet era -- Ed.
PRIVATE The Government of Armenia accepted a proposal by the Russky Alyuminy company on acquiring 100 percent of the Armenal foil-rolling factory's shares by the latter. This was disclosed here today at the Armenian Government's public-relations department. (The Armenal enterprise was known as KANAZ during the Soviet era -- Ed.) Russky Alyuminy, which had previously owned 74 percent of all Armenal shares, will thus obtain the remaining 26 percent. Russky Alyuminy invested more than $ 30 million into Armenal, after buying the factory. The company would like to invest another $ 34 million within the next few years. (Russian Economic News)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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