Bank of Georgia gets green light for Ameriabank acquisition.
Bank of Georgia announced a milestone in its expansion plans involving the acquisition of Ameriabank on Tuesday.
Lion Finance Group
02 April 2024 08:59:30
Source: Sharecast
The FTSE 250 company’s shareholders approved the proposed acquisition through an ordinary resolution on 14 March.
Following the shareholder approval, the firm said it had has received regulatory clearance from the National Bank of Georgia.
With that green light, it was now poised to advance towards completion, pending the necessary regulatory approvals in Armenia.
The board and management confirmed on Tuesday that the Armenian Competition Protection Commission and the Central Bank of Armenia has granted unconditional approval.
At 0829 BST, shares in Bank of Georgia Group were up 0.99% at 5,100p.
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