"Holsim" Swiss Company, which had submitted an application for participation in the tender for "Araratcement" enterprise became the sole claimant upon privatization. The Swiss suggest paying six million dollars for entire control of the enterprise plus four million for the land where the plant is situated. Another six million the potential buyer intends to grant for realization of social programs. Besides, "Holsim" commits itself to invest 12 million dollars in course of six years for development of the enterprise and also to provide no less than 600 work places. At the meeting of the commission on holding the tender Minister of State Property Management David Vardanian reported the final decision would be made after the terms suggested by the company were discussed in corresponding Ministries.
Let us remind that a British firm had also submitted application for participation in the tender. But its claim was recognized invalid, as the company did not make the prepayment necessary for participation in the tender.