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Georgia Capital PLC ( (GB:CGEO) ) has issued an announcement.
Georgia Capital PLC has completed the exercise of its put option, selling a 20% equity stake in Georgia Global Utilities JSC for US$ 70.4 million. The proceeds will be utilized according to the company’s capital management strategy, with further details to be announced alongside its upcoming financial results. This transaction reflects Georgia Capital’s strategic focus on optimizing its investment portfolio and capital allocation.
More about Georgia Capital PLC
Georgia Capital PLC is a platform focused on acquiring, developing, and managing businesses in Georgia. The company targets large-scale investment opportunities with potential growth to at least GEL 300 million equity value within 3-5 years. Its portfolio includes a retail pharmacy business, insurance (P&C and medical), healthcare services, and stakes in other private businesses, including a water utility and a financial group.
Average Trading Volume: 66,539
Technical Sentiment Signal: Buy
Current Market Cap: £773.1M
For an in-depth examination of CGEO stock, go to TipRanks’ Overview page.