BGEO Group PLC has announced that in light of the proposed demerger the Group’s Board of Directors has approved the renaming of the Group’s Investment Business to Georgia Capital.
The new name better reflects the Company’s focus to capitalise on Georgia’s fast-growing economy by investing its capital solely in Georgia. As a result, following the completion of the Group’s proposed demerger into a London-listed banking business (Bank of Georgia Group PLC) and a London-listed investment business (Georgia Capital PLC), the Group expects to retire its current holding company name of BGEO Group.
Baker McKenzie has advised FTSE 250 company BGEO Group PLC on the demerger of its investment business from the banking business with a team co-led by London-based Corporate Finance partners Helen Bradley (picture) and Roy Pearce, supported by associates David Jahoda, Tom Quincey and Paul Anderson. Partner Jeremy Edwards advised on the employee schemes aspects of the transaction, while Partner Alistair Craig advised on the tax aspects.
Citigroup Global Markets Limited is acting as Sponsor and Joint Financial Adviser and Numis Securities Limited as Joint Financial Adviser.
Involved fees earner: Helen Bradley – Baker McKenzie; Roy Pearce – Baker McKenzie; David Jahoda – Baker McKenzie; Tom Quincey – Baker McKenzie; Paul Anderson – Baker McKenzie; Jeremy Edwards – Baker McKenzie; Alistair Craig – Baker McKenzie;
Law Firms: Baker McKenzie;
Clients: BGEO Group PLC;