AUCTION TO SELL BJNI MINERAL WATER FACTORY TO RESUME FEB 5

ARKA
Feb 3, 2009

YEREVAN, February 3. /ARKA/. The online auction to sell "Bjni" mineral
water factory is to resume Thursday February 5, said Ruben Grdzelyan,
Press Secretary of Bailiff Service, Armenian Ministry of Justice.

He reported that during the previous ten days of the auction (from
January 23 to February 2) no single bid was received.

Under the country’s law about public sale, if no bids are received
the new auction is to be announced on the third working day after the
final day of the previous one and the lot price is to be reduced by
10% there, Grdzelyan said.

According to him, no bids are received due to the high lot price.

The Bailiff Service set the preliminary price for the property of
the factory, including rights for trademarks, at 4,934,943,264.3 Drams.

"Bjni" mineral water factory belongs to SIL concern owned by Sukiasyan
family. The stockholder of Bjni member of Armenian Parliament
Khachatur Sukiasyan is currently wanted by the police. The operations
of the factory were suspended in autumn 2008. The property of the
factory was seized by the Bailiff Service and put on an online
auction.($1=305.28Drams).

From: Emil Lazarian | Ararat NewsPress