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BRIEF-BGEO to demerge into London-listed banking, investment businesses
July 3, 2017 / 6:22 AM / 3 months ago

BRIEF-BGEO to demerge into London-listed banking, investment businesses

July 3 (Reuters) - BGEO Group Plc:

* Proposed Demerger

* Intention to demerge BGEO Group into a London-listed banking and a London-listed investment business

* Demerger of businesses will deliver additional long-term value to shareholders by creating two distinct entities

* Senior management team of Bank Of Georgia will continue to be led by Kaha Kiknavelidze as CEO, and will be unchanged from its current structure

* Once demerged, BGEO Investments will be only publicly listed Georgia-focused investment platform Source text for Eikon: Further company coverage:

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