Leader of “Prosperous Armenia” purchased the brewery Kotayk
05.05.2011,
20:06
Leader of political party “Prosperous Armenia”, large entrepreneur Gagik Tsarukyan, bought the brewery “Kotayk” from French company which was sold some years ago, newspaper “Zhoghovurd” (People) informs.
YEREVAN, May 5. /АRКА/. Leader of political party “Prosperous Armenia”, large entrepreneur Gagik Tsarukyan, bought the brewery “Kotayk” from French company which was sold some years ago, newspaper “Zhoghovurd” (People) informs.
Press-secretary of the party Khachik Galstyan, answering the questions of the journalists, did not inform the price of the deal and the purpose of the plant sale and repurchase. “Negotiations over this issue continue and after the completion of the transaction we will inform the details”, he said.
The deal will be formalized next week.
Abovyan brewery “Kotayk” was established in 1974. In 1997, the company was established on the basis of joint venture, in which 71% of shares belonged to the French company Castel and 29% - to the citizen of Armenia Gagik Tsarukyan.
Investments of the French company in the enterprise was $18 million. The company produces 7 types of beer, including non-alcoholic beer. Export of the product is implemented particularly to the USA, Russia, France and Germany.
However, in 2006 French entrepreneur Pierre Castel, founder of the concern Castel Beer, bought from Tsarukyan 29% of shares of the brewery “Kotayk” by $4. -0-
Press-secretary of the party Khachik Galstyan, answering the questions of the journalists, did not inform the price of the deal and the purpose of the plant sale and repurchase. “Negotiations over this issue continue and after the completion of the transaction we will inform the details”, he said.
The deal will be formalized next week.
Abovyan brewery “Kotayk” was established in 1974. In 1997, the company was established on the basis of joint venture, in which 71% of shares belonged to the French company Castel and 29% - to the citizen of Armenia Gagik Tsarukyan.
Investments of the French company in the enterprise was $18 million. The company produces 7 types of beer, including non-alcoholic beer. Export of the product is implemented particularly to the USA, Russia, France and Germany.
However, in 2006 French entrepreneur Pierre Castel, founder of the concern Castel Beer, bought from Tsarukyan 29% of shares of the brewery “Kotayk” by $4. -0-
