Armenpress
YEREVAN BRANDY COMPANY TOSSES AWAY MP’s ALLEGATIONS
YEREVAN, SEPTEMBER 20, ARMENPRESS: The French-owned Yerevan Brandy
Company has retaliated today allegations that it has bottled half of 1.6
million deciliters of brandy spirit which it inherited together with the
ownership of Armenia’s biggest winery, saying it is open to any organization
that would like to inspect whether it has violated any of the takeover
terms.
The allegations were sounded yesterday by Aram. G. Sarkisian, the
chairman of a minor opposition Democratic party, who alleged that YBC has
bottled 800,000 deciliters of the spirit it inherited, which it could not do
or in case of doing so it had to fill the gap. Sarkisian alleged the YBC
could not produce as much brandy as it has been selling, judging by the
amount of grape it purchase annually from local grape growers. Sarkisian
also alleged the French Pernod-Ricard that owns the YBC is going to sell it
at $770 million, having paid for it only $28 million.
Zara Nazarian, a spokeswoman for YBC said in order to diffuse these
allegations the YBC could only provide an opportunity for all to examine its
performance and the fulfillment of the takeover terms. She said YBC is going
to buy this year 25,000 tons of grape, 27 percent more than last year and 80
percent more than in 2003.
From: Emil Lazarian | Ararat NewsPress