Georgian Oil and Gas Corporation to sell its shares
(Newswires, August 10) – Georgian government will put for sale on stock market the shares of the state-owned enterprises, including those of the Oil and Gas Corporation, the country’s Energy Minister Alexander Khetaguri was quoted by media as saying.
Mr Khetaguri said a 25 percent stake will be put on open auction, adding that the government has already started the registration of shares of the state-owned enterprises’.
According to him, the move would allow the private sector to attract investments.
The minister did not rule out that the shares of the main gas pipeline "East-West" may be sold as well.
"The gas pipeline is owned by the corporation, and there is nothing strange if its shares are placed at auction."
Georgian Prime Minister Nika Gilauri said that the shares of "Georgian Railway" and "Georgian Electrical System" will be put for sale on the international stock markets in London, New York and Warsaw.
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