22nd Aug 2018 08:40
LONDON (Alliance News) - Georgia Capital PLC on Wednesday said it intends to acquire the remaining 39.5% stake in wines & spirits producer Kindzmarauli Marani LLC.
Back in April, the investment company bought a 60.5% holding in Kindzmarauli through a locally established special-purpose vehicle.
Georgia Capital did not provide any financial details of the deal, but said it expects Kindzmarauli to strengthen its existing beverage business with an increased presence in the growing domestic and international markets for Georgian wine.
Shares in Georgia Capital were trading 0.9% lower early on Wednesday at 1,030.00 pence each.
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