ArmInfo. 50 and more percent of state shares in commercial structures of Armenia may be handed over under trust management. The decision was made at the January 10 meeting of the RA government.
According to the justification of the draft decision, handing over the shares under trust management can be made at the expense of organizations not included in the program of privatization of state property for 2017-2020. The decision to transfer shares under trust management is taken by the government of the country. The State Property Management Committee will handle the development of draft decisions, which will make a corresponding proposal to the government. The transfer of shares can be carried out both directly and on the basis of the results of tenders. Program participants can be both commercial structures and individual entrepreneurs. Foreign persons will receive a similar right together with legal entities of Armenia. The application for participation in the state share management program should include the name of the organization, its legal address, the size of state shares transferred in trust, the nominal value of each single share.
The application should also include the terms of management, assets and liabilities of the organization, comply with the requirements for labor and social guarantees. An obligatory condition should be the presence of a clause on the volumes, directions and terms of investments.