Batimu Oil terminal announces payment of assets
Mogens Hansen, Director of Batumi Oil Terminal, announces that the company today paid for the assets acquired in connection with the agreement signed with the Government of Georgia on 20 January 2006, Trend reports.
The payment relates to the business activities of Batumi Oil Terminal including the acquisition of certain assets and also finalizes all outstanding issues with the Government.the Terminals parent company Naftrans announces that they have successfully concluded the raising of significant new capital. This includes the issue of shares to ENR Securities, Thames River, a UK based investment fund, and to BNP Paribas Private Equity Fund. BNP Paribas has also extended a convertible loan to Naftrans.
The raising of capital is a very positive step for the company, and indeed for Georgia, as it demonstrates confidence in the country from the international investor community. В"The Groups achievements in Georgia over the last two years would not have been achievable without significant support from the GovernmentВ", - the document states.