After Buckswood, BGEO Successor Takes over 80% Stake in Another Public School
After split in BGEO Group PLC investment group, Georgia Capital, one of its former companies and Tbilisi Green School have merged.
Competition Agency of Georgia has discussed the planned concentration between JSC Georgian Capital and LLC Tbilisi Green School and concluded that the due market, where the merger was to take place, was low-concentrated due to the market characterization index (HHI Index) and after the planned concentration the mentioned indicator would not change in practice.
Based on the above-mentioned considerations, Competition Agency of Georgia concluded that the planned concentration could not violate article 11 of Georgian law on Competition.
Before, Georgian Capital bought a controlling interest in Buckswood international School – Tbilisi, after Competition Agency approved the deal.
LLC Tbilisi Green School was founded in 2011. According to the Public Registry, at this stage, 50% stakes are owned by Bakur Sulakauri and Kakha Davituri. After merger with Georgia Capital, Bakur Sulakauri and Kakha Davituri will hold only 10% stakes in Tbilisi Green School, while Georgia Capital will possess 80% stake.
As to Buckswood International School – Tbilisi, Georgia Capital owns 80% stake in it too, while 10% stakes are owned by Ramaz Aptsiauri and Aleksandre Vashakidze.