- Significant investor activity at the scheduled privatisation auctions conducted today by the Ministry of Economic Development. Multiple bids were received for 14 different lots auctioned today, with the aggregate proceeds of the winning bids amounting to GEL 3.4 million.
- In a separate development, a bid of US$6 million was received from an investment vehicle believed to have Russian beneficial owners for the assets of the insolvent state-owned utility company in Kakheti (Eastern Georgia).
- Additionally, the Financial Supervision Agency reports that it has been informed by VTB Bank Georgia, a locally licensed bank majority-owned by the Russian VTB Group, that it held a shareholders' meeting today which, among other matters, approved the planned capital increase of the bank.
Press center of the Chancellery of the Government of Georgia