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KM Financial Solutions | UPDATE 1-BGEO’s investment arm to hike stake in banking unit ahead of demerger
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UPDATE 1-BGEO’s investment arm to hike stake in banking unit ahead of demerger

11 Feb UPDATE 1-BGEO’s investment arm to hike stake in banking unit ahead of demerger

Posted at 07:49h in News by
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Feb 12 (Reuters) – Holding company BGEO said on
Monday its investment arm, Georgia Capital, would increase its
stake in the Bank of Georgia to 19.9 percent, up from the
previously announced 9.9 percent, ahead of a planned demerger of
the two units.

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