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The latest announcement is out from Georgia Capital PLC ( (GB:CGEO) ).
Georgia Capital PLC has completed the sale of its 92.4% stake in its beer and distribution business to Royal Swinkels N.V., receiving approximately US$ 63 million in proceeds. The transaction, which involves a new Dutch holding company, leaves Georgia Capital and a minority partner with a 20% stake, while Royal Swinkels holds the majority. This strategic move allows Georgia Capital to focus on its core investment areas and potentially improves its financial position for future growth opportunities.
More about Georgia Capital PLC
Georgia Capital PLC is a leading investment platform focused on acquiring, building, and developing businesses in Georgia. Its diversified portfolio includes sectors such as retail pharmacy, insurance, hospitals, renewable energy, education, and clinics and diagnostics. The company targets large-scale investment opportunities with significant growth potential, aiming to monetize these investments as they mature. Additionally, Georgia Capital holds significant stakes in the water utility business and the Bank of Georgia Group PLC, a major banking group in Georgia and Armenia.
YTD Price Performance: 10.76%
Average Trading Volume: 97,106
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £447.8M
See more data about CGEO stock on TipRanks’ Stock Analysis page.
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