Lragir, Armenia
Oct 27 2006
BAGHDASAROV’S SHARE IS NEGOTIATED
The vice president of VTB (former Vneshtorgbank) Vasily Titov
confirmed October 27 the information that they are negotiating over
buying 30 percent of shares of Armsavingsbank owned by Mikhail
Baghdasarov. Several months ago Mikhail Baghdasarov stated that he
negotiates with two other buyers beside Vneshtorgbank, which owns 70
percent of shares of Armsavingsbank over 30 percent of his shares.
The vice president of VTB Vasily Titov stated in Yerevan it is
possible that Baghdasarov is negotiating with other buyers because he
has the right, of course, but VTB started negotiating the deal. Titov
said they are now negotiating over 30 percent of shares. The vice
president of VTB said they are interested in buying Baghdasarov’s
share and own 100 percent of shares of Armsavingsbank. Titov said it
may become clear in 2 or 3 months, of course, if the price is
optimal, because everything depends on that price Baghdasarov will
offer.
It is interesting that Mikhail Baghdasarov told one of the newspapers
about his likelihood to sell his shares to a third party rather than
Vneshtorgbank.