Russia’s Inter-RAO is interested in selling its electricity assets in Armenia, according to media reports. This comes on the heels of protests this summer over rate hikes that were intended to cover losses that the company had incurred due to corruption and mismanagement. The protests started up again last weekend.
According to Radio Liberty’s Armenian service:
“Prime Minister Hovik Abrahamian announced the state-controlled Russian company’s intention to sell the ENA to the Cyprus-registered firm Liormand Holdings Limited at a weekly session of his cabinet.”
“Liormand Holdings Limited” was registered on 30 November 2010.
Marcuard has offices in several locations including Moscow.
According to public records, Marcuard’s directors in Cyprus are Alexis Xenophontos and Andreas Hadjimichael.
Hadjimichael appears to be a CPA located in Larnaca, Cyprus. According to the ICPAC (The Institute of Certified Public Accountants of Cyprus), his website can be found here. I’ve provided a screenshot of it below:
Hadjimichael is or has been named on at least 121 corporations in Cyprus, including a holding called “Tashir International Holding Limited“.
Tashir’s Directors are named as Andreas Hadjimichael and Sinan Robert Bodmer.
There have been rumors that Samvel Karapetyan’s Tashir Group was the purchaser of the assets. From what I’ve been able to dig up, that looks to be the case. I will provide updates as more information appears.