ARMENIAN BUSINESSMAN BECOMES SHAREHOLDER OF GREAT TURKISH COMPANY: TURKS APPEAL AGAINST THIS BARGAIN

Noyan Tapan
Armenians Today
Jul 09 2007

ANKARA, JULY 9, NOYAN TAPAN – ARMENIANS TODAY. The joint Russian-Kazakh
"TransCentralAsia Petrochemical" company bought the 51% of the
securities of the Turkish "Petkim" petrochemical company, that
is to say, the control package. According to the Turkish sources,
the company paid a record price for the securities of the "Petkim"
company, that is, 2 billion and 50 million dollars.

According to the Turkish Press, an action was filed to the Turkish
State Council (Supreme Instance of Appeal) claiming to invalidate
that bargain and stop the process of the transfer of securities. The
motivations that the "Troika Dialog" company belonging to Ruben
Vardanian, an Armenian businessman, is included in the joint
Russian-Kazakh company are put forward in this application: "It has
become known that the "Troika Dialog" company, which belongs to the
Armenian businessman, who plays a great role within the frameworks of
the Armenian Diaspora, has made a financial investment in the process
of buying the securities of the "Petkim" petrochemical company. This
circumstance has become a reason for a number of issues connected with
this bargain and serious doubts," is mentioned in the application of
lawyer Gyokhan Jandogan.

It should also be mentioned that the Russian "Investment Bank
Troika Dialog" and the Kazakh "Kazak Caspi Neft", as well as the
"Investment Industrial Group Eurasia" companies are also included in
the "TransCentralAsia Petrochemical" holding.

According to the Turkish sources, the fortune of Ruben Vardanian
makes about 960 million dollars. He is one of the most prominent
representatives of the Armenian community in Russia, who is also the
coordinator of the "Hayastan – 2020" program.

From: Emil Lazarian | Ararat NewsPress