Arka News Agency, Armenia
Oct 27 2006

VTB NOT INTERESTED IN BUYING ARMENIAN ENTERPRISE "PROMETEY-KHIMPROM"

YEREVAN, October 27. /ARKA/. Vneshtorgbank (VTB) is not interested in
buying the Armenian enterprise "Prometey-Khimprom", Senior
Vice-President and member of the VTB administrative board Vasily
Titov reportee at the press conference Friday. At the same time, he
reported the daughter structure of the VTB – VTB Capital- considered
the issue on buying and launching the Vanadzor chemical factory.
Titov said that the factory did not operate at that time and after
its state was examined by several Russian audit companies, a decision
was made not to buy it.
The Vanadzor "Prometey-Khimprom" Company was put into operation in
2005 after the long standstill. After the failure attempt to transfer
the enterprise to the Slovakian company Dividend Group for
management, "Prometey-Khimprom was put into operation by his current
owner – the Russian "Zakneftegasstroy – Prometey" Company. It bought
100% shares of the enterprise for $1.5mln. R.O. –0-