Completion of disposal of Beer and Distribution
Georgia Capital completed sale of 92.4% stake in beer and distribution business to Royal Swinkels subsidiary.
- Net sale proceeds c. US$63 million
- Equity stake disposed 92.4%
- Remaining holding in Dutch Holdco 20%
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Further to the announcement on 28 October 2024 where Georgia Capital PLC ("GCAP") announced that it had agreed to dispose of its 92.4% equity stake in its beer and distribution business (the "Business") to a subsidiary of Royal Swinkels N.V. ("Royal Swinkels")(the "Transaction"), GCAP today announces that the closing conditions to the Transaction have been satisfied and that the Transaction has closed. GCAP has received net sale proceeds from the Transaction amounting to c. US$ 63 million.
As further detailed in the announcement on 28 October 2024, the Business is now held through a new holding company domiciled in the Netherlands ("Dutch Holdco"), with GCAP and its minority co-investor having a 20% holding in Dutch Holdco, and with Royal Swinkels holding the remaining 80%. The parties have put in place a put/call structure relating to the 20% holding in Dutch Holdco.
| S&P Global | 'BB-'/FC & 'BB-'/LC | ||
| Chairman and Chief Executive | Chief Financial Officer | Adviser to the Chairman & CEO | Head of Investor Relations |
| ir@gcap.ge | +995 322 005 000 | +44 203 178 4034 | + 995 322 005 045 |
| ir@gcap.ge | ir@gcap.ge | ir@gcap.ge |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.