After completion of BGEO demerger process, Irakli Gilauri, the Chairperson of the Supervisory Board of Georgia Capital is expecting that attraction of capital will be easier for independent companies.
According to him, two companies – Bank of Georgia and Georgia Capital – will be able to independently attract investments, which will facilitate the development of their businesses.
“Demerger is completed, which is an important process. Two companies will be independently traded at London Stock Exchange. they will be able to independently make investments. This is als very good for the country, since this will bring more investments to Georgia. In the last 10 years, we have attracted more than 3 mln USD from the London Stock Exchange. after the demerger, raising capital will be cheaper and easier for both banking and investment businesses,” – states Gilauri.
Shares of Bank of Georgia and Georgia Capital were successfully offered to the premium listing of London Stock Exchange. from now on, shares of both companies wil be independently traded at London Stock Exchange – shares of Bank of Georgia with BGEO ‘ticker’ and shares of Georgia Capital – with CGEO ‘ticker’.