26th Jun 2025 15:38
Georgia Capital PLC - Tbilisi-based investor in domestic business in Georgia - Says wholly-owned subsidiary JSC Georgia Capital has exercised its option to put a 20% equity stake in Georgia Global Utilities JSC. The majority shareholder, Aqualia Georgia LLC, is to pay JSC GCAP a put option price of USD70.4 million. Compleition of the transaction and the receipt of proceeds is expected by the end of July. The use of proceeds will be announced following the receipt of funds, Georgia Capital adds.
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By Michael Hennessey, Alliance News reporter
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