Bank of Georgia set to join London big five

09 Sep 2011

Bank of Georgia, the country’s biggest bank and one which has had London-listed GDRs since 2006, said this week that it plans to seek a premium London listing in a move that it hopes will allow it to differentiate itself from its CIS peers. It will be the only pure emerging markets bank constituent of the FTSE All-Share index and give it access to index investors.

"A premium listing allows us to tap a deeper market with a new investor universe, increasing the liquidity of our stock, raising our profile and differentiating ourselves from other CIS banks," chief executive Irakli Gilauri told EuroWeek.The move was a logical next step for the company, said Gilauri. ...

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