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Very wealthy Armenian businessman in Moscow. Owner of Tashir group, and the Armenian Electrical Network.
==Patriarch Kirill Of Moscow And All Russia Decorates Samvel Karapetyan With Medal==
22:09, 14 December, 2015
YEREVAN, DECEMBER 14, ARMENPRESS. Patriarch Kirill of Moscow and
All Russia decorated president and founder of "Tashir" group Samvel
Karapetyan with Order of Saint blessed Prince Daniel of Moscow of the
third degree for his contribution in the construction of Saints Cyril
and Methodius Cathedral in Dubrovka. "Armenpress" reports tashir.ru
informs about this.
The new cathedral in Moscow is located in Dubrovka. It was built to
commemorate the tragic events of 2002. It is the first church the
construction of which was implemented within the framework of the
project of building 200 cathedrals initiated by the Patriarch of
Moscow and All Russia.
This is not the first prize awarded to Samvel Karapetyan. Patriarch
Kirill decorated him with medal of Glory and Honesty of the Russian
Orthodox Church of the second degree in 2012 for his contribution in
the reconstruction of Saint Nicholas Cathedral.
In 2001 Patriarch Alexei II of Moscow and All Russia decorated Samvel
Karapetyan with Order of Saint blessed Prince Daniel of Moscow of
the second degree for the reconstruction of the church of Nedelnoye
village in Kaluga region.
==Samvel Karapetyan Talks About The Purchase Of Electric Networks==
December 14, 2015 09:51
Yerevan/Mediamax/. President of Tashir group of companies Samvel
Karapetyan presented some details of the purchase of Electric Networks
of Armenia in an interview published today in RBC Daily.
We present an excerpt from the interview:
- It was announced in early autumn that you were purchasing the
Electric Networks of Armenia from Inter RAO. Why do you need this
asset? It has a lot of debt.
-Yes, the company had debts, but about USD 220 mln actives were
purchased to cover these debts.
- Can you tell us if it was charity?
- No, of course it wasn't charity. Electric Networks of Armenia is a
good company and a long term active and it will become considerably
better managed by us.
- How can an unprofitable company be good?
- We purchased the company at a very bad state, It was unprofitable,
but will become profitable.
- Who came to you with a purchase offer?
- It was offered by Inter RAO.
- By who exactly? CEO Boris Kovalchuk?
- Naturally so. They couldn't sell such an active without Mr.
Kovalchuk. One of the members of the management board of Inter RAO
approached us with the offer. The final decision was made after we
got a request from the Armenian government.
- Both Prime Minister Hovik Abrahamyan and President of Armenia Serzh
Sargsyan requested that after the protests against an increase in
electricity tariff in Yerevan. Did they fear that the people will
become out of control?
- Yes, on the one hand we want to bring the company to order, on the
other hand, we understand that this is a strategic active for Armenia
and it influences the investment climate in the country. I'm sure we
can change it.
- Was the purchase costly?
- Yes, nobody gave the company to us as a present.
- How costly?
- We do not disclose the terms of the deal at this time.
- You mentioned that you purchased the company with a debt load of
USD220 mln. Can you at least tell us how much of the debt you paid off?
- Around 20%.
- Have you seen the speculations in the Armenian press that you bought
the company with a political intention- to make sure that your brother
Karen Karapetyan becomes the Prime Minister of the country?
- They have been writing about it for 10 years now, but he hasn't
become the Prime Minister yet. He has no connection with Inter RAO
deal. We consider the purchase both as business and support of the
- What percentage of the company did you buy?
- We bought 100%.
- Inter RAO is showing 25% in the financial statement.
- The structure of the purchase is such: the shares become ours in
stages. Currently 50% of the shares belong to us.
- How are you planning on making money on electric networks? This
market is strictly regulated.
- It's true. Energy is a very vulnerable business; a lot depends not
only on regulators, but also on consumers. But, surprisingly, people
pay for electricity regularly and responsibly in Armenia. Payment of
electricity consumption by the population is 99.8% now.
- And yet, how will the margin appear?
-We aren't thinking about margin yet. We will not be thinking about
it for 5 years certainly. It is a long lasting active, its forever.
- See more at:
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