About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Reports: RAKIA in Talks to Sell Stakes in Poti Port
Civil Georgia, Tbilisi / 1 Apr.'11 / 23:40

Photo from the Port of Poti's website.

The UAE emirate of Ras Al Khaimah's state-owned investment fund, RAKIA, is in talks with the Hague-based APM Terminals to sell 80% stake in Georgia's Black Sea port of Poti, Reuters reported on April 1, quoting unnamed senior Georgian government official.

APM Terminals is a business unit of the Danish conglomerate, A.P. Moller-Maersk Group.

The government source told Reuters that with its veto right over any deal the Georgian government was involved in talks, which might be concluded within coming days.

RAKIA declined to comment and APM Terminals declined to confirm or deny the report, according to Reuters. 

RAKIA purchased controlling stake in port of Poti in April, 2008 for USD 90 million and launched development of free industrial zone on 300 hectares of land in Poti. Later in the same year RAKIA bought from the state remaining 49% of Poti port for USD 65 million.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2020, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.