Argentine-Armenian billionaire to pass baton to nephew in airport IPOJanuary 11, 2018 - 10:38 AMT PanARMENIAN.Net - When the bell sounds in New York later this month for the initial public offering of Argentine-Armenian mogul Eduardo Eurnekian’s airport business, the man ringing it will probably be his nephew Martin Eurnekian, Bloomberg reports. It will be more than a symbolic move. The share sale represents a key milestone in the billioaire's long and varied career, as he passes the baton of his billion-dollar business to his chosen successor. “I am doing this IPO, but that doesn’t mean I’m in charge -- the one who manages the airports is my nephew,” Eurnekian said during an interview in his Buenos Aires office. “I will oversee this deal this month, and my career in airports will be complete.” Eurnekian’s closely held Corporacion America Airports SA, which owns concessions to operate 51 airports worldwide, is looking to sell as much as $750 million of shares between late January and February, spokeswoman Carolina Barros said Wednesday, January 10. It will also mark the start of a new phase for Eurnekian, though the 85-year-old entrepreneur -- who says he still swims and practices yoga every day -- won’t be retiring out of sight. The son of Armenian immigrants who fled the genocide in the early 20th century said that handing over day-to-day operations will free him up to explore new areas of business. The second richest person in Argentina and one of the wealthiest in the entire South America, Eurnekian was awarded the title of the National Hero of Armenia in Semteber 2017. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |