Georgia starts London sell-offs wave with Railway deal

20 Apr 2012

Georgia on Monday launched its first London IPO in its privatisation drive, putting a 25% stake in Georgian Railway up for sale. The GDR listing could be worth $200m-$250m.

Investor education will run for two full weeks with books then open from until May 9 and trading scheduled to begin on May 10. Citi and Goldman Sachs are joint global co-ordinators and joint bookrunners for the deal.

The company’s equity story is based around its strategic position as ...

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