ID :
33863
Thu, 12/04/2008 - 13:38
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http://m.oananews.org//node/33863
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RAK firm owns all shares in Georgian port
Tbilisi – Dec 4, 2008 (WAM) - Georgia has sold the remaining 49 per cent of its Black Sea port of Poti to RAK Investment Authority of the UAE for US$65 million, Reuters quoted its deputy minister Vakhtang Lezhava as saying last Wednesday.
"Now RAK Investment owns all the shares in the port," he said.
Earlier this year RAK Investment purchased the controlling 51 per cent stake in the port from the government for $90 million, plus a further 300 hectares of land in its vicinity. – Reuters
"Now RAK Investment owns all the shares in the port," he said.
Earlier this year RAK Investment purchased the controlling 51 per cent stake in the port from the government for $90 million, plus a further 300 hectares of land in its vicinity. – Reuters
