100% share of Georgian Railways Transferred to the Government

100% share of the Georgian Railways from the "Partnership Fund" was transferred directly to the Government of Georgia, - it was noted in the official statement sent to investors by the London Stock Exchange.

In the summer of 2022, it became known to the public that within the framework of the "Partnership Fund" reform, the largest asset - the Georgian Railways - would be transferred to the government, although the exact details and date of the transaction were not made public.

An announcement on the London Stock Exchange announced that the transaction had already been completed in December and the government had become the owner of the railway.

It should be noted that the "Partnership Fund" is already a state investment fund, therefore, with the change of ownership, the railway remains in the possession of Georgia and essentially nothing changes.

Currently, only one large asset - "Oil and Gas Corporation" remains on the account of the "Partnership Fund".

For information, Georgian Railways received an income of 507 million GEL in 9 months of 2022. The increase in the company's income by 20% was caused by the increased cargo turnover to 11 million tons.