BGEO is preparing for IPO of another company.
Now, the matter concerns to Georgia Global Utilities, which holds utility and energy assets in Georgia, including Georgian Water and Power, Rustavi Water and Mtskheta Water. IPO of company’s shares is planned in 2-3 years and Archil Gachechiladze, investment banker will head the preparation of IPO, who will be appointed as the CEO of GGU.
Irakli Gilauri, CEO of the Group declares that Archil Gachechiladze’s new position serves to further strengthening of the Group. It worth to mention, that the current management of the utility business will stay unchanged. To remind, GBGEO made successful IPO of Georgian Healthcare Group at London Stock Exchange in the last year.