13th Oct 2021 11:52
Georgia Capital PLC - Tbilisi-based investor in businesses in Georgia - Says its healthcare, retail and medical insurance businesses holding company JSC Georgia Healthcare Group signs share purchase agreement for a further 33% stake in Georgia Capital's retail pharmacy business, JSC Georgian Pharmacy. Cash purchase agreement spread out over next six years - 10% of shares acquired in 2022, 11% in 2023, 0.5% in 2024, 2025 and 2026, and 10.5% in 2027.
JSC Georgia Healthcare already holds 67% equity stake in JSC Georgian Pharmacy with a call option on the minority stake from January 2023.
Current stock price: 636.00 pence
Year-to-date change: up 18%
By Josie O'Brien; [email protected]
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