Former Minister of Health and Social Development of Russia Mikhail Zurabov, who owns 12.5% of the Zangezur Copper-Molybdenum Combine, has demanded to terminate the deal to sell 60% of the Combine’s shares to Russian billionaire Roman Trotsenko, Pastinfo newspaper writes.
According to Datalex system, Zangezur Mining LLC filed a lawsuit in the court of general jurisdiction of Syunik Province against Zangezur Copper-Molybdenum Combine, the Industrial Company CJSC (registered in Russia) and the Office of the Prime Minister of Armenia.
After obtaining 60% of the shares of the Zangezur Copper-Molybdenum Combine, Geoproming, represented by Russian billionaire Trotsenko, donated 15 %of the shares to the Office of the Prime Minister of Armenia.
Earlier, Zurabov had information that the alienation of the Zangezur Copper-Molybdenum Combine was underway and, as a 12% shareholder, appealed to the court with a request to give preference to the obtainment.
The court of general jurisdiction of Yerevan not only satisfied the claim, but also imposed a ban on the shares.
The court decision of August 11, 2021 states that Zangezur Mining LLC filed a lawsuit against Amp Holding LLC, Star Dust CJSC, Mher Poloskov, Karen Hakobyan, Gurgen Abrahamyan in order to prevent the defendants from violating the plaintiff’s rights. The decision enters into force from the moment of its adoption and is subject to immediate execution in accordance with the procedure established by the Law of Armenia on Compulsory Enforcement of Judicial Acts.