Georgia Capital buys rest of winemaker Kindzmarauli Marani

Georgia Capital announced the buyout of the remaining 39.5% equity stake in Kindzmarauli Marani on Wednesday.

The London-listed firm said that, following its acquisition in April, it held a 60.5% indirect interest in Kindzmarauli through a locally-established special-purpose vehicle.

“Georgia Capital expects that the purchase of the minority stake will strengthen its existing beverage business with an increased presence in the growing domestic and international markets for Georgian wine,” the board said in its short statement.