Armenia: The Prosecutor General's Office has filed a lawsuit in defence of state interests over ‘violations’ during the privatisation of Ararat Cement, Emerging Market Watch News has reported. The plant is owned by Gagik Tsarukyan, president of Multi Group.
Tsarukyan will reportedly take legal action in response.
Global Cement News reported the planned nationalisation of Ararat Cement on 21 May 2026.