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JSC Georgian Railway (45ET)

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Wednesday 24 April, 2013

JSC Georgian Railway

Acquisition

RNS Number : 0833D
JSC Georgian Railway
24 April 2013
 

Georgian Railway JSC has acquired Georgian Transit LLC to get extra profitability from liquids transportation thus consolidating its own profit margin with the freight forwarder company's profitability. The acquisition price is GEL 48,000.

 

The decision was supported by the fact, that the previous owner of the Georgian Transit is exiting the business respectively asking for a quite attractive pricing from the Georgian Railway.

 

The transaction does not have critical meaning from the operational standpoint of the Georgian Railway, but marginal increase of the company profitability. Should the transaction not be executed, the company management believes, that the cargo transported by the Georgian Transit would shift to other freight forwarding companies operating through the same corridor.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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