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All the documents of the company that filed an application for the purchase of Electric Networks of Armenia (ENA) Company have been examined, and an official statement will be released for the public in two days, Armenian Minister of Energy and Natural Resources Yervand Zakharyan told reporters today.

In response to reporters’ remark that the purchaser is rumored to be an offshore company, the minister replied: “I have no concerns about the deal because all the submitted documents are clear and substantiated. An official announcement about ENA’s sale, its new owner, registration, and our further actions will be made in two days”.

To remind, INTER RAO Holding B.V. Company owning 100% of the shares of Electric Networks of Armenia (ENA) CJSC applied to the Armenian government with the intention of alienating its shares to Liormand Holding Limited. The decision was approved at the government session on September 17. The heads of interested departments - Minister of Energy and Natural Resources, Minister of Justice, Minister of Economy and Minister of Finance - were instructed to examine the relevant documents, Liormand Holdings Limited Company’s compliance with the principles of preliminary qualification and participation in tenders to privatize power distribution companies in Armenia, to negotiate and develop a draft agreement, under which the company shall assume all the obligations of the purchaser. Besides, instructions were given to study the agreement on the alienation of shares and submit a conclusion.