Armenia sells major rubber plant to British company
Arminfo
18 Aug 06
Yerevan, 18 August: The Armenian government today decided to sell 90
per cent of the shares of the state-owned closed-typed stock company
the Nairit factory – the only producer of polychloroprene rubber in
the Commonwealth of Independent States – to the British-Irish company
Rhinoville Property Limited for 40m dollars, the government said in
a press release.
The press release said the British-Irish company had applied to buy
the plant and said it could invest in the plant to upgrade it.
The government instructed the energy minister to allow the Armgazprom
joint-stock company to sell 90 per cent of the shares of the Nairit
factory to the foreign investor for 40m dollars.
[Passage omitted: details]
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2006/08/21/armenia-sells-major-rubber-plant-to-british-company/
