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Home / Banking / European Financial Group Purchases 74.64% Shares of Liberty Bank

European Financial Group Purchases 74.64% Shares of Liberty Bank

JSC Liberty Bank (the “Bank”) announced today a change of control, whereby European Financial Group B.V. (“EFG”), a company established and organised under the laws of the Kingdom of Netherlands, purchased 74.64% of equity interest in the Bank.

The ultimate beneficial owners of the Bank are Irakli Rukhadze (US Citizen), Ben Marson (UK citizen) and Igor Alexeev (US Citizen).

The transaction is affirmative for the Bank’s strategic development and further expansion, as ultimate beneficial owners of EFG are prominent businessmen who own and manage major assets in Georgia, have extensive knowledge of Georgian business sector and banking in particular.

The Bank looks forward to further growth and development together with the new majority shareholder to better serve the needs of its clients and the Georgian financial sector.