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.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.