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BRIEF-BGEO says sells 0.7 pct stake in Georgia Healthcare Group
March 20, 2017 / 8:28 AM / 6 months ago

BRIEF-BGEO says sells 0.7 pct stake in Georgia Healthcare Group

March 20 (Reuters) - BGEO Group Plc:

* BGEO group announces a sale of shares in Georgia Healthcare Group Plc

* Shares were sold at a price of gbp 3.60 (usd 4.45) per share - closing price per share on london stock exchange day before transaction

* Following sale, BGEO continues to hold 64.3 pct of GHG’s issued share capital.

* Sale resulted in total gross proceeds of gel 9.2 million (us$3.7 million) to group

* As a result of sale, BGEO realized a gain of gel 6.1 million (us$2.4 million), which will be recorded through an increase in shareholders’ equity in 1q2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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