The Armenian regulator plans to allow the sale of shares in MTS subsidiary – Kommersant

The Armenian Public Services Regulatory Commission (PSRC) has prepared a draft resolution allowing the Cypriot Fedilco Group Limited to buy 100% of the shares of MTS Armenia. In the spring, the same regulator blocked the deal.

The issue is on the agenda of the commission meeting, which will take place on Wednesday, November 15. The department received an application for approval of the transaction on November 3. Having studied it, PSRC came to the conclusion that there were no grounds for its rejection. The commission clarified that after the transaction the company will not be a member of the MTS group.

“The Ministry of High-Technology Industry notified the Public Services Regulatory Commission in writing that it does not object to the deal… The National Security Service also has no comments,” says the PSRC press release (quoted from RIA Novosti).

MTS Armenia is 100% owned by the Cypriot Aramayo Investments Limited (which, in turn, through the Luxembourg Allegretto Holding is 100% owned by MTS PJSC). In April PSRC and the Commission for the Protection of Economic Competition of Armenia refused in permission to change the owner of MTS Armenia shares. PSRC said that the Ministry of High-Technological Industry opposed the deal. Experts assumed that the Armenian authorities had identified the risks associated with the new investor.

Details – in the material “Kommersant” “Armenia does not hang up”.

Laura Keffer