HEAD OF ‘MIKA LIMITED’ HOLDING: THE TALKS ON SALE OF THE ARMENIAN PLANT ‘MIKA-CEMENT’ TO THE RUSSIAN RATM HOLDING NOT FINISHED YET
arminfo
2008-08-19 15:07:00
ArmInfo. The talks on sale of the Armenian plant "Mika-cement" to the
Russian RATM Holding has not been finished yet, owner of the plant,
the head of "Mika Limited" Holding Mekhael Bagdasarov told ArmInfo
correspondent.
He also added that the talks were delayed because of worsening of
the situation in the region. ‘If earlier Russian investors were
more confident, at present some doubt has been noticed from their
side. They want to correct conditions of the bargain a little’, –
Bagdasarov said and added that according to the draft contract the
investor has to invest in the plant about $25 mln and increase the
volumes of cement production up to 1 mln tonnes over a year. "Final
results of the talks will be clear at the beginning of September",
– Bagdasarov said.