  Georgian Railway plans IPO on London Stock Exchange April 16, 2012 - 13:47 AMT PanARMENIAN.Net - Georgia is planning to sell up to 25 percent of shares in the state railway monopoly through an Initial Public Offering (IPO) on London Stock Exchange (LSE) in May, as the fast-growing ex-soviet republic seeks foreign investment. The IPO would take place in the form of Global Depositary Receipts (GDR) to be listed on the LSE, the Georgian ministry of economy and sustainable development said in a statement. According to Reuters, Citigroup and Goldman Sachs International have been appointed as joint global coordinators and joint bookrunners. "Our IPO will now mark another stage in Georgian Railway's evolution, bringing a greater profile and visibility to the value we are creating to support our long term expansion plans in the region," Irakly Ezugbaia, the Georgian Railway CEO, said in a statement.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
