September 02, 2014 2:02 PM ET

Oil, Gas and Consumable Fuels

Company Overview of ARMO Sh.A.

Company Overview

ARMO Sh.A. is an oil refining company. The company also markets oil and hydrocarbons byproducts. It is based in Albania and is a subsidiary of APC Sh.A.

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Albania

Founded in 1999

Key Executives for ARMO Sh.A.

ARMO Sh.A. does not have any Key Executives recorded.

ARMO Sh.A. Key Developments

Albanian Government To Privatize ARMO, OSSH And Albpetrol

The Albanian government plans to sell off minority stakes in key enterprises and privatize key remaining strategic enterprises by 2016. The privatization list includes minority stakes in ARMO Sh.A. and CEZ Shpërndarje Sh.A. and the sale of 100% of shares of Albpetrol Sh.A. Government also plans to collect €5 million from the sale of several small assets such as buildings or military facilities. The 14.9% share in ARMO will be offered for €22 million in a tender scheduled for 2015. Government also plans to sell the remaining 24% in CEZ Shpërndarje for €32 million by 2016. The Albanian government also plans to sell Albpetrol after its failed privatization in 2012.

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