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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/
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/