Six Armenian Companies To Be Privatized Through NASDAQ OMX

SIX ARMENIAN COMPANIES TO BE PRIVATIZED THROUGH NASDAQ OMX

PanARMENIAN.Net
06.10.2009 14:27 GMT+04:00

/PanARMENIAN.Net/ Six Armenian companies will be privatized through
NASDAQ OMX.

"In compliance with the government’s decision, 5 state-owned companies
will be assessed and go private," NASDAQ OMX CEO Armen Melikyan told
reporters on Tuesday.

"The companies will be transformed into public corporations," he
said. "There are some 500 state-owned enterprises in Armenia. 80
of them are next in turn. The six companies to be privatized first
were selected by profitability principle. Net profit of one of them
totaled AMD 16 million."