Acquisition of a prominent Georgian beverages brand

Georgia Capital PLC (the Group or Georgia Capital), announces that the Group’s beverages business has acquired the brand name and commercial assets of Georgia’s oldest beer brand – Kazbegi, brewed since 1881. Total cash consideration for the acquisition is US$ 3.65 million. Kazbegi, the fifth largest market player with its focus on HORECA market, has up to 4% and 5% market shares in beer and lemonade, respectively. Kazbegi sales are expected to enhance the off-trade sales channel through the strong distribution platform of the beverages business.