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Reports: Rosneft interested in acquiring indebted rubber producer in Armenia

4:07 AM MDT | May 8, 2013 | Francinia Protti-Alvarez

Rosneft (Moscow) and Itera (Moscow) have expressed an interest in acquiring Nairit (Yerevan, Armenia), a synthetic rubber manufacturer in Armenia that is currently not in production, according to various Armenian and Russian media reports. Nairit is struggling with a $130-million debt, according to the reports. Itera is prepared to pay $100 million for the plant but is not willing to take on its debt obligations, the reports say. Meanwhile, Rosneft would be willing to take over the plant in exchange for its debt to Russian banks, since it sees Nairit, one of the...

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