Chinese, Indian companies want shares in Poti Port management

Business Materials 4 November 2010 18:32 (UTC +04:00)

Georgia, Tbilisi, Nov. 4 / Trend N. Kirtskhalia /

Chinese and Indian companies are interested in purchasing shares in the management of the Georgian port of Poti, Georgian Economy and Sustainable Development Minister Vera Kobalia said today.

"If the Arab Rakia wishes to sell some shares in the port, it has the right to, as it is private company and is independent in its activity," the minister said.

Kobalia noted that the sale of shares in the port will not cause any problems.

" Rakia's representatives repeatedly noted that the Poti Port is profitable in terms of investments," the minister said.

Arab media outlets recently reported the sale of shares in the port citing Rakia's representatives.

However, the company does not intend to sell shares in the port, the port told Trend.