ArmInfo. Armenian authorities intend to recognize the shares of Electric Networks of Armenia CJSC (ENA) as an object of priority public interest, as stated by Romanos Petrosyan, ENA Interim Manager, on his Facebook page.
He noted that the previous day, May 25, the deadline set by the interim measure applied by the RA Administrative Court expired. During this deadline, based on the proposal of the Armenian government, the shareholders of Electric Networks of Armenia CJSC were required to alienate 100% of the company's shares in a manner agreed upon with the government. "Considering the fact that the alienation of shares did not occur within the established timeframe, and guided by the provisions of Part 3 of Article 52 of the RA Law "On Energy" and Article 60 of the RA Constitution, the Armenian government is initiating the process of recognizing the shares of Electric Networks of Armenia CJSC as an object of priority public interest, with their subsequent alienation (nationalization)," Petrosyan stated.
