Midland Resources Holding, the only bidder, was on 24 August declared the winner of a tender for an 81.1 percent stake in Armenia's low-voltage power-distribution networks, RFE/RL's Yerevan bureau reported. The company, which is owned by a Canadian citizen and registered in the Channel Islands, paid $37.15 million for the controlling stake; it is anticipated that the European Bank for Reconstruction and Development will acquire the remaining stake. Two earlier tenders failed after all potential bidders withdrew. (RFE/RL)