Announcement

Collapse
No announcement yet.

Tbilisi Puts "Georgian Oil And Gas Corporation", "Georgian Railway",

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Tbilisi Puts "Georgian Oil And Gas Corporation", "Georgian Railway",

    TBILISI PUTS "GEORGIAN OIL AND GAS CORPORATION", "GEORGIAN RAILWAY", "GEORGIAN ENERGY SYSTEM" ON SALE

    Today.az
    Aug 11, 2011
    Azerbaijan

    The government of Georgia intends to sell the shares of "Georgian
    oil and gas corporation" that owns North-South gas pipeline. APA
    reports that Georgian Minister for Energy and Natural Resources
    Georgi Khetaguri said it was discussed at the recent meeting of the
    government and the draft amendments were approved.

    Khetaguri said the shares will be put on sale in London, New York
    and other leading stock exchanges. In the initial stage, 25 percent
    of the shares will be put on sale.

    "Along with the shares of "Georgian oil and gas corporation", the
    shares of "Georgian railway", "Georgian energy system" and other
    strategic companies will be put on sale in western stock exchanges.

    Khetaguri said the initial process started.

    "We have agreed with the investment banks to start registration for
    the placement of shares in the stock exchanges," he said.

    Khetaguri's statement caused concern in Armenia. Armenian publications
    write that the fate of the Georgian part of the gas pipeline from
    Russia to Armenia may be brought into question. Armenian newspapers
    write that Azerbaijani companies may buy the management right of
    the pipeline.

    /APA/

Working...
X