Georgian state-owned companies consider going to London Stock Exchange
Georgia, Tbilisi, April 12 /Trend N.Kirtzkhalia/
The Georgian government is reconsidering the placement of the shares of public companies on the London Stock Exchange, Prime Minister Nika Gilauri said at a cabinet meeting on Thursday.
Gilauri said the issue was discussed in the previous year, but then the financial markets were in poor condition, and a decision was postponed.
The situation had improved currently, so the government is consulting with well-known banks - City Bank, JP Morgan, with which contracts has already been issued, Gilauri said.
"The issue of selling a minority stake in state-owned enterprises Georgian Railway, Oil and Gas Corporation and other large public companies will be considered in the near future" he said.
The prime minister said the government is also considering the additional issue of Eurobonds.