The Republic of Georgia is set to introduce a
landmark change to legislation that will allow state-controlled
companies to list equity stakes abroad for the first time. But
the change has caused controversy in some quarters.
The government aims to introduce legislation that
would allow initial public offerings (IPOs) of up to 25% of
Georgian power, energy and infrastructure companies on
exchanges in New York, London and Warsaw.
Tamta Ivanishvili of...