// IP Marketing video - START// IP Marketing video - END

Georgian Railway plans IPO on London Stock Exchange

Georgian Railway plans IPO on London Stock Exchange

PanARMENIAN.Net - Georgia is planning to sell up to 25 percent of shares in the state railway monopoly through an Initial Public Offering (IPO) on London Stock Exchange (LSE) in May, as the fast-growing ex-soviet republic seeks foreign investment.

The IPO would take place in the form of Global Depositary Receipts (GDR) to be listed on the LSE, the Georgian ministry of economy and sustainable development said in a statement. According to Reuters, Citigroup and Goldman Sachs International have been appointed as joint global coordinators and joint bookrunners.

"Our IPO will now mark another stage in Georgian Railway's evolution, bringing a greater profile and visibility to the value we are creating to support our long term expansion plans in the region," Irakly Ezugbaia, the Georgian Railway CEO, said in a statement.

 Top stories
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
The country’s foreign trade turnover increased by 6.8% in January – May, compared with figures registered in the same period in 2015.
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
Partner news