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The State to Block Adverse Investors With “Golden Share”

The State to Block Adverse Investors With “Golden Share”

“Golden Share” at Anaklia Sea Port gives VETO rights to the state on the most important issues”, – Mamuka Khazaradze explains.

The businessman notes, that Anaklia Sea Port is strategic project of regional importance, which will change game rights from China to Europe and “Golden Share” will enable the state to be engaged in the strategically decisions.

The state will have possibility to block entrance of the adverse investors in the project. However, consent of the state is also required on the entrance of the company on stock exchange or such issues, which will radically change company’s conditions.

To remind, the state has become holder of the so-called “Golden Share” in “Anaklia Development Consortium”. It has become known by GBC’s exclusive on December 7.