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Rustavi Azot Goes to EU Investment Ownership

Rustavi Azot has been transmitted to EU Investments in ownership. The company abstains from making additional comments over the issue.

EU Investments holds a 100% stake in Rustavi Azot, the company managers told Business Contract.

EU Investment was registered in autumn 2016. Eprem Urumashvili is the company director, while Ioseb Gozalishvili is executive director of the company. It should be noted that Eprem Urumashvili has been registered as director for JSC Rustavi Azot too.

Earlier today information was released that more than 300 employees were fired from Rustavi Azot plant.