Armenia: Mika Cement plant has a potential buyer


Updated Fri, 13 Jun 2014 11:08:31 GMT

Mikhail Baghdasarov's Mika Cement plant was declared bankrupt in June 2013 and was mortgaged for a loan from VTB Armenia Bank in early 2014, according to local media.

New media reports claim that Russia-based Armenian businessmen are now interested in buying the plant. The head of the plant's technical department, Serob Sharoyan, is their representative in Armenia. It is rumoured that Sharoyan will be appointed as director of Mika Cement.

VTB Armenia Bank neither confirmed nor refuted the information about the plant sale.