ARMENIAN POSTAL SERVICE SOLD TO DUTCH ING
Panorama.am
17:02 12/10/06
Minister of Transport and Communication Andranik Manukyan said he has
no official information from OTE, owner of ArmenTel, as regards to
the sale of the company. He said two Russian and one Arabic companies
ran for the tender but the minister has no information on the price
offers. However, he said OTE is discussing price offers with HSBC
now. "Honestly, I do not know how much each company has offered,"
Manukyan said.
Manukyan once against refuted the rumors that ArmenTel is already
sold saying it cannot be sold without the agreement of the government,
which owns 10% of shares.
On the other hand, minister of transport and communication announced
the owner of the Armenian postal service, Haypost. He said, the
government has decided to grant the right of management of Haypost
to Dutch ING for five years. Haypost was managed by Converse Invest
in the course of the running year.
During that time, the demand for the service largely increased and
the government decided to take the chance. Manukyan said if Converse
Invest has problems it may dispute them in court, also saying it has
made investment only for one year.