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 Tuesday, February 17 2026 16:08
Alexandr Avanesov

Strong Armenia: ENA owners will not agree to sell the company at a  reduced price

Strong Armenia: ENA owners will not agree to sell the company at a  reduced price

ArmInfo.The real value of Electric Networks of Armenia (ENA) is close to $1 billion,  and the company's owners will not agree to sell it at a reduced price.  David Ghazinyan, a Board member of the "Strong Armenia" party and former ENA CEO,  said at a press conference on February 17.

He noted that the authorities are doing everything possible to reduce  the company's market value.  Ghazinyan recalled RA Prime Minister  Nikol Pashinyan's statement that the company's price could be reduced  under certain circumstances. "Such statements are not made lightly.  Tashir Group proposed involving a major international appraisal  company to assess the value of ENA and add 15% to that amount, but  the authorities rejected this initiative," the former CEO said. He  added that in the current situation, the authorities want to  legitimize the unlawful takeover of ENA by using the  public interest  prioritizing mechanism and selling the company at the lowest possible  price. Ghazinyan emphasized that if the company is sold under  unfavorable terms to the owners, they reserve the right to challenge  the authorities' actions in court.  

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