The news about oligarch MP Gagik Tsarukyan purchasing the BMW representation in Armenia is officially confirmed.

Tsarukyan’s spokesperson Iveta Tonoyan told Armenian News-NEWS.am that the tycoon had indeed bought the aforesaid representation, and together with foreign partners.

“He acquired a certain part of the shares,” Tonoyan said. “They will implement projects, in the near future, toward developing the representation.”