Bank of Georgia Group to acquire Ameriabank CJSC for $303.6m to expand reach

Bank of Georgia Group to acquire Ameriabank CJSC for $303.6m to expand reach

Bank of Georgia Group PLC (“BOGG”) has officially announced its plan to acquire 100% of Ameriabank CJSC, a leading Armenian bank, for approximately $303.6 million. This strategic move is poised to significantly bolster BOGG’s footprint and growth prospects in the fast-evolving and promising Armenian market. The acquisition, subject to shareholder and regulatory approvals, marks a […]