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Investment

The Lawyer: Pretentious Shareholders Also Hindering the Alienation of Hotel Sakartvelo

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The technique of alienation of “Hotel Sakartvelo” may be delayed. Regardless of the odd high interest of investors, the deal remains throw open to now.

The company’s lawyer Shalva Katsiashvili declared to GBC that you on the directors of “Arabella Invest Group” is still in Tbilisi, and then he is waiting to transfer money using their company partners these days.

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Katsiashvili isn’t going to begin to see the problem of payment, since he doesn’t have any doubts linked to the investor’s financial capabilities.

“They’ve got negotiations while using the bank now, perhaps the amount – 4 million USD is transferred and we’re waiting another a part of the sum nowadays,” said the attorney and added that your process was delayed for several reasons, including “the claims” of local shareholders.

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It is just not yet clear when the IDPs, surviving in “Hotel Sakartvelo”, leaves your house and whenever the reconstruction in the building right into a 7-star hotel will commence. Arabian clients are paying A million USD for that settlement of IDPs, nonetheless the state adds precisely the same amount of cash, that could? be allocated uninterruptedly.

On April 18, the shareholders of LLC “Hotel Sakartvelo” have changed afresh. The share of “Arabella Invest Group” is increased from 73% to 76.97% during the company. Anri Batsikadze threw in the towel the proportion. It can be noteworthy the getting the shares is made over the installment.

As you are able to, you should pay 16.5 million USD to your seller, but a majority of of the usb ports shall be spent upon the borrowed funds taken from Bank Cartu. The volume of the borrowed funds depends upon 12 million.

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