29 January 2013, 17:00
Georgian experts highly appreciate purchasing “Borjomi” by a Russian company
Purchasing IDS Borjomi company by the Russian “Alpha-Group” indicates to a high level of trust to “Borjomi” and shows the prospect of new market entry of the production, experts in Georgia consider.
On January, 27, Russian company “Alpha-Group” purchased the control packet of shares of Georgian manufacturer of mineral water IDS Borjomi. As a result of the transaction “Alpha-Group” will get 55,8% shares, 37,2% will remain property of Georgian businessman Badri Patarkatsishvili’s family and minority shareholders will own 6%.
“The form of purchasing “Borjomi” of itself is an indicator of high trust to the company and its production. I certainly think that after that “Borjomi” will appear in the Russian market”, professor Joseph Archvadze, expert in economic sphere, declared.
Ex-Head of the parliamentary Committee of sectoral economy Demur Giorkhelidze emphasized the importance of the Russian market for Georgia. “Our production improved its quality and added to its attractiveness. Therefore, I think that the Russian companies will wish to invest not only into brand firms”, Giorkhelidze said.
He also emphasized that free business might become an actual impulse for a thaw in relations between the states.
Author: Edita Badasyan Source: CK correspondent
