OWNER OF "KAVKAZ"-POTI" FERRY IS GOING TO SELL 49% OF ITS STOCKS TO ARMENIAN COMPANIES
PanARMENIAN.Net
02.08.2007 15:15 GMT+04:00
/PanARMENIAN.Net/ Owner of SMAT ferry of the "Kavkaz"-Poti crossing,
Chairman of "Rezerv Capital Corporation" Hakim Matchanov is ready to
sell 49% of his stocks to Armenian companies. Hakim Matchanov made this
statement himself in Yerevan to a press conference August 2. He assured
the sell of stocks is in no way connected with far-fetched financial
difficulties. "I sell stock not because I need money, I have them,
but because I need guarantees that the train-ferry will function long
time. Sooner or later the railways through Abkhazia and Azerbaijan
will be opened and I need to be sure that even in case of reopening
the railway communication between Russia and Armenia the train-ferry
will function," Hakim Matchanov underlined expressing assurance that
in 2-3 years Yerevan and Baku will establish relationship. At the same
time Hakim Matchanov stressed despite his readiness to sell stocks,
Armenian companies have not expressed desire to buy them yet.
In its part the Armenian forwarder of cargo transportation said it
cannot purchase stocks of SMAT because of financial situation, since
more than $10 million are necessary. "Large Armenian entrepreneurs
can obtain the train-ferry, since it is profitable from the economic
point of view. But because of their uncertainty in tomorrow they do
not want to risk," the Armenian forwarder stated, IA Regnum reports.