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title: "BGEO Group’s healthcare subsidiary completes its earlier announced acquisition of pharmaceutical business in Georgia"
description: "BGEO Group PLC (BGEO or the Group), the holding company of JSC Bank of Georgia (the Bank), Georgias leading ban"
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05 May 2016

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BGEO Group PLC (“**BGEO**” or the “**Group**”), the holding company of JSC Bank of Georgia (“**the**  
**Bank**”), Georgia’s leading bank, announces that its healthcare subsidiary, Georgia Healthcare Group PLC  
("**GHG**"), has today announced that it has successfully completed its recently announced acquisition one  
of the top three pharmaceutical retailers and wholesalers in Georgia. The acquisition was completed as a  
result of obtaining relevant regulatory approval and the signing of a Share Purchase Agreement (“SPA”)  
to acquire a 100% equity stake in GPC. The SPA was signed following GHG’s announcement on 16  
March, 2016 of the signing of a binding Memorandum of Understanding (“MOU”) subject to the relevant  
regulatory approvals, to acquire a 100% equity stake in GPC. The key terms and conditions of the MOU  
are unchanged in the SPA.

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