The Armenian government plans to acquire 100% of the shares of "Electric Networks of Armenia" (ESA), owned by Samvel Karapetyan's "Tashir Capital" company, by October 2027. According to the published draft, the procedure is set to begin on May 1, 2027, with the Ministry of Territorial Administration and Infrastructure acting as the buyer.
The authorities propose recognizing a prevailing public interest in ESA shares, citing the strategic importance of the electricity grid infrastructure. The company serves over 1 million subscribers, making state control over it essential for ensuring the long-term reliability of the energy system. The share buyout includes compensation to the current owner.
The value of "Electric Networks of Armenia" will be determined by independent appraisers after an inventory of assets. "Tashir Capital" will have the opportunity to present its own valuation of the company and the compensation amount. Thus, the final transaction amount will be determined within the framework of the share valuation and buyout procedure.