January 2, 2018 / 7:30 AM / in 9 months

BRIEF-BGEO Group Says Unit M2 Acquires Controlling Stake In A Boutique Hotel

Jan 2 (Reuters) - BGEO Group Plc:

* UNIT M 2 REAL ESTATE ACQUIRED 50% STAKE FROM A THIRD-PARTY IN AN UPCOMING LIFESTYLE BOUTIQUE HOTEL IN TBILISI FOR US$4.1 MILLION​

* ‍M 2 HAS AN OPTION TO INCREASE ITS SHAREHOLDING TO 60% STAKE BY INJECTING US$1.9 MILLION INTO HOTEL’S CAPITAL​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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