Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
![]() 9766 Monday, 19 February, 2024, 12:48 Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group’s presence and growth opportunities within a fast-growing and attractive market. The Board and Management of Bank of Georgia Group PLC are pleased to announce that conditional agreement has been reached to acquire 100% of the total issued share capital of Ameriabank CJSC (the "Acquisition"). BOGG believes that significant value can be derived from capitalising on opportunities within Armenia through this acquisition of a leading Armenian bank and by leveraging BOGG’s experience and expertise as it integrates Ameriabank into the wider Group (the “Enlarged Group”). The Acquisition is conditional upon the approval of the Group’s shareholders and regulatory approvals. |

Pakistan receives first-ever shipment of US crude oil following trade deal
396Yesterday, 18:36
Trump on Additional Sanctions Against Russia by US: You Will Find Out
71827.10.2025, 13:16
Trump claims US tariffs made nations leave bloc
177415.10.2025, 10:42
European Commission slaps three major fashion brands with €157 million fine
147014.10.2025, 23:33
Russia, Azerbaijan and Iran to establish joint working group on road transport
141114.10.2025, 13:23
China's September exports to Russia show steepest decline in seven months
128713.10.2025, 23:17
China’s Tibetan Mega-Dam Is Veiled in Secrecy
99512.10.2025, 17:36
Trump threatens 'massive' China tariffs as Beijing restricts rare-earth exports
91810.10.2025, 20:46
