Home / Tag Archives: BGEO Group

Tag Archives: BGEO Group

Bank of Georgia Posts 18.8% Rise in Q1 profit

Bank of Georgia Group Plc on Monday posted an 18.8 percent rise in first-quarter profit, driven by its banking and investment businesses, on the back of strong macroeconomic performance and business outlook in Georgia. Bank of Georgia Group Plc is the new parent company of BGEO Group Plc, it said …

Read More »

BGEO Group to Hold Annual Meeting with Investors on November

BGEO Group to Hold Annual Meeting with Investors on November

The BGEO Group is preparing for Investor Day. The leading business group of the country will hold a meeting with investors and analysts on November 9. Members of the BGEO board and executive management team will introduce Group results and demerger update, macroeconomic overview, banking strategy, investment business strategy, Utility and …

Read More »

Significant Changes Take Place in the Structure of BGEO

Significant Changes Take Place in the Structure of BGEO

BGEO Group PLC (the “Group” or “BGEO”), announces a key Group management appointment and key management appointments and a refreshed business unit structure at JSC Bank of Georgia (“BoG” or the “Bank”). Archil Gachechiladze will be appointed CEO of Georgia Global Utilities (“GGU”), the utilities and energy business of the …

Read More »

BGEO to Direct Attracted $350 mln in the Investment Projects

BGEO to direct attracted $350 mln in the investment projects

BGEO Group will directed attracted $350 million from the bond placement in the development of investment projects. Irakli Gilauri, general director of the Group declares, that the sum will be directed in the subsidiary companies, including development of energy projects. “It is important, that it is a long-term capital issued …

Read More »

Prices of BGEO Shares Declined

Price is Dropped on BGEO Shares

Price was dropped on BGEO Group (BGEO LN) shares in London in the previous week. BGEO Group (BGEO LN) shares closed at GBP 24.50/share (-2.08% w/w and -2.00% m/m). According to Galt & Taggart, More than 453k shares traded in the range of GBP 23.11 – 26.79/share. Average daily traded volume …

Read More »

BGEO Became 100% Stockholder of the Company GGU

BGEO Became 100% Stockholder of the Company GGU

BGEO Group has purchased 75% of Georrgian Global Utilities. As a result, it became 100% share holder of the company. According to the published information by the company, the transaction value made up 287 million GEL. GGU is the owner of “GWP“. “BGEO Group purchased 25% of the company’s share …

Read More »