403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
KazTransGas to sell its subsidiary in Georgia
(MENAFN- Trend News Agency ) Baku, Azerbaijan, March 19
By Ali Mustafayev – Trend:
Kazakhstan's KazTransGas (KTG) JSC announced decision of its board of directors to sell a subsidiary company in Tbilisi to the Georgian industrial group holding for $40 million, Forbes.kz reported.
KazTransGas acquired an asset in Tbilisi in 2005 and for the first time announced its intention to sell it already in 2009, when the debt of "KTG-Tbilisi" to Georgia exceeded $48 million.
Negotiations on KTG-Tbilisi have been going on since July 2009, when Kairgeldy Kabyldin, director general of KazMunaiGaz JSC (KazTransGas's parent company), said that Kazakhstan is ready to sell KTG-Tbilisi.
According to KazTransGas's press service, from the moment KTG entered the Georgian market in May 2006, the company invested more than $100 million in KTG-Tbilisi.
Follow Trend on Telegram. Only most interesting and important news
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment