Economy
Posted: 1 week ago

Anaklia Consortium to Apply to National Bank for Issuance of Shares

Anaklia Development Consortium plans to apply to the National Bank of Georgia (NBG) for issuance of shares.

At this stage, the company is preparing due documents, but the final decision depends on whether investor banks and the Government achieve due agreement.

“We are preparing due documents in line with the legislation. The Consortium will release a statement soon, but, the final decision will be taken after investor banks and Government achieve agreement on the submitted 8 clauses’, the Consortium said.

We remind you that Anaklia Development Consortium applied to the NBG for issuance on April 2019, but on June 9 the NBG President Koba Gvenetadze noted that the NBG had received not an application for issuance of shares, but an ordinary letter of intention from Anaklia Development Consortium.