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Georgian gov't postpones State Electro System’s shares placement

Oil&Gas Materials 20 February 2012 17:32 (UTC +04:00)
Georgia has postponed the IPO of its State Electro System on the stock exchange, State Electro System head Mulkhaz Zumburidze said on Monday.
Georgian gov't postpones State Electro System’s shares placement

Georgia, Tbilisi, Feb.20 / Trend, N.Kirtskhalia /

Georgia has postponed the IPO of its State Electro System on the stock exchange, State Electro System head Mulkhaz Zumburidze said on Monday.

He said the placement will be carried out after the company's full rehabilitation.

Last year, government officials said the IPO would be held in 2012.

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