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Georgian billionaire Ivanishvili holds talks with opposition

14 October 2011 09:16 (UTC+04:00)
Georgian billionaire Ivanishvili holds talks with opposition

Georgian billionaire Bidzina Ivanishvili held talks with opposition leaders including former United Nations envoy Irakli Alasania after announcing plans to create a party to challenge President Mikheil Saakashvili, Bloomberg reported.

Ivanishvili, a Rossiiskiy Kredit Bank board member whose wealth Forbes magazine estimated in March at $5.5 billion, equal to almost half of Georgia’s $11.7 billion economy, said he found common ground with the main opposition parties, his spokeswoman Elza Nabakhteveli said in an e-mailed statement today.

The Georgian government revoked Ivanishvili’s citizenship on Oct. 11. Eka Beselia, a lawyer for the billionaire, told reporters yesterday that he would challenge the decision.

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