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Tag Archives: BGEO

Kakha Kiknavelidze: BGEO Separation will Affect Bank’s Corporate Portfolio

Splitting BGEO in investment and banking segments will make effect on corporate portfolio. These changes will move the group to a new stage of development, after 10-year successful period. The bank maintains leading ambitions and will carry out aggressive marketing campaign for positioning, Kiknavelidze said. After the separation, the bank …

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Irakli Gilauri: Divided Companies Will be More Successful

The Devaluation Revealed the Strongest Economy of Georgia

After the division BGEO Group as investment and banking businesses, chairman of BGEO Investment expects more successful time for both of the companies. Irakli Gilauri says that investors also assess the division positively, as recently prices of stock increased by 4% I think that division will be reflected in a …

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GGU Will be Fourth Company To Be Listed on LSE

BGEO Investment prepares its businesses for IPO. Chairman and Chief executive officer, Irakli Gilauri says that company continues investing in energy field. “GGU is our fourth company to be listed on London Stock Exchange, company will continue to invest in energy sector, we look positively towards energy direction, he says. IPO …

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BGEO Differentiates Banking and Investment Businesses

BGEO Group has released a statement on separation of banking and investment businesses. Namely, Bank of Georgia and the group’s investment business will be shaped separately. Previously, BGEO Group unites both Bank of Georgia and the investment business. The latter direction unites Georgian Healthcare Group, Georgian Global Utilities (owner of …

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BGEO to Start Construction of MestiaChala1 and MestiaChala2 HPPs

BGEO company plans to start constructing MestiaChala1 and MestiaChala2 hydro power plants (HPPs). MestiaChala power station will be constructed in Skhvaneti and will generate 50 megawatt power. The project’s investment value is 65 million GEL. Official ceremony of inauguration of construction works will be attended by Minister of Energy Kakha …

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BGEO Group Sells 9.5 million Shares of Georgian Healthcare Group

Further to the announcement on 16 May 2017, BGEO Group PLC (the “Group” or “BGEO”) announces today that the Group has sold 9.5 million shares (the “Placing Shares”) in Georgia Healthcare Group PLC (“GHG”). Representing approximately 7.2 per cent of GHG’s existing ordinary issued share capital (the “Placing”), at a …

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Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian banking and investment firm BGEO Group PLC said Wednesday it increased its pretax profit and revenue in the first quarter of 2017. FTSE 250-listed BGEO reported a pretax profit of GEL113.3 million for the three months to March 31, or approximately GBP35.8 million. This was up 17% from GEL97.0 …

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Neil Janin Purchases 3,500 Shares of Bgeo Group PLC (BGEO) Stock

neil janin

Bgeo Group PLC (LON:BGEO) insider Neil Janin bought 3,500 shares of the stock in a transaction dated Monday, March 20th. The stock was bought at an average price of GBX 3,059 ($38.50) per share, for a total transaction of £107,065 ($134,757.71). Shares of Bgeo Group PLC (LON:BGEO) traded up 0.440689% …

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BGEO Sold Georgian Healthcare Group Shares

BGEO Group PLC said it has sold a 0.7% stake in Georgia Healthcare Group PLC for a total of USD3.7 million. BGEO sold 833,160 shares in Georgia Healthcare on Friday at a price of 360 pence per share, equivalent to USD4.45. The shares were sold to JSC ABC Pharmacia, a …

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