05.May.2019 18:00

‘Bank of Georgia’ and ‘TBC Bank’ Interested in Purchasing ’Georgian Post’

‘Bank of Georgia’ and ‘TBC Bank’ Interested in Purchasing ’Georgian Post’
'Bank of Georgia’ and ‘TBC Bank’ are interested in purchasing ’Georgian Post’” – stated the Director General of Georgian Post, Levan Chikvaidze when he responeded to the question regarding the privatization of Georgian Post.

According to Chikviadze, foreign companies are interested in purchasing the post. He also added that they are actively working with the TBC Bank and Bank of Georgia in the direction of strategic partnership.

“The process is ongoing, we are working to privatize Georgian Post as quickly as possible. We started commercialization with the purpose of selling in 2013. Two local banks, TBC Bank and Bank of Georgia, are interested and we are also working with them on strategic partnership. Several companies involved in electronic commerce are also interested”, stated Chikvaidze.

Director of Georgian Post cannot specify the exact date of privatization and says that first the auditing process should. The process will assess the cost of Georgian Post.

Total assets of Georgian Post amouns to 73 million GEL. Georgian government has planned to sell post office since 2015.

21.May.2019 16:18

Government Will Not Cover Commercial Risks of Anaklia Port - Tskitishvili

20.May.2019 11:22

Christine Lagarde - Harnessing Reforms to Boost Inclusive Growth, Full Speech

18.May.2019 00:28

Kutaisi bypass road to be modernized as 4-line highway

17.May.2019 00:19

Geostat Sets 164 GEL as the New Subsistence Minimum

16.May.2019 23:10

Ryanair Might Start Operating in Georgia in 2020

16.May.2019 10:14

The most modern Tunnel Boring Machines to be used in Nenskra Hydropower Plant Project