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Badri Japaridze: this is the largest transaction in the history of independent Georgia

Badri Japaridze: this is the Largest Transaction in the History of Independent Georgia

Badri Japaridze, founder of TBC Bank considers SilkNet’s acquisition of Geocell as the largest transaction in the history of independent Georgia.

While evaluating transaction of 153 million USD, the banker made a focus on the difficult part of the negotiations with Swedish Telia. He noted that it had been a historic transaction for the telecommunications sector, which would have a very good outcome and promote the sector.

“Georgian company, which is capable to mobilize such a large resource, indicates that they have great potential and that this company meets the best standards of corporate governance”, – said Japaridze.

According to him, 153 million USD has been mobilized from 7 local and regional banks for SilkNet. TBC Bank is the leader of the syndicated loan.