YEREVAN.- The Russian company, which is 100-percent shareholder of Electrical Network of Armenia company, is not preparing to sell its shares to a French company. There is no talk of sale and that news is completely unfounded, Electrical Network of Armenia company’s Media Relations Department Head Natalya Sarjanyan told Armenian News-NEWS.am.  

Information was disseminated in the media that the aforesaid Russian company was considering selling 20 percent of its shares to a French company, and September 23 was mentioned as the date for this business deal. 

It was also noted that the French for a long time were studying Armenia’s electricity networks and substations, their capacity, and by and large the general condition of the system. And this business deal was being linked to French President Nicolas Sarkozy’s scheduled visit to Armenia on October 4.