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BGEO Group unveils demerger plans

03 July 2017 07:32

BGEO Group has announced its intention to demerge BGEO Group into a London-listed banking business (Bank of Georgia Group PLC) and a London-listed investment business (BGEO Investments PLC). The group said the board believed a demerger of the businesses would deliver additional long-term value to shareholders by creating two distinct entities, each of which would have enhanced growth opportunities in the strongly growing Georgian economy.

It said both businesses were already leaders in their respective fields, with separate strategic, capital, and economic characteristics and strong and knowledgeable management teams.

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