Samvel Karapetyan (businessman)

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Samvel_Karapetyan_(businessman)&chld=H_100&junk=junk.png Samvel Karapetyan (businessman) Mars symbol.svg
Resides in Moscow
Languages Armenian, Russian
Ethnicities Armenian
Dialects Eastern Armenian

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.

http://armenpress.am/eng/news/829616/patriarch-kirill-of-moscow-and-all-russia-decorates-samvel-karapetyan-with-medal.html


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Samvel Karapetyan Talks About The Purchase Of Electric Networks

December 14, 2015 09:51

Samvel Karapetyan

Photo: Tashir

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 motherland.

- 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: http://www.mediamax.am/en/news/society/16420/#sthash.VLmO07bG.dpuf


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