Ministry of Regional Development : Investors are obliged to agree any fact of alienation of shares with the Georgian government

The officials of the Ministry of Regional Development and Infrastructure of Georgia say that they learnt from media reports about withdrawal of American Conti International LLC from Anaklia Development Consortium

David Javakhadze, Director at Anaklia Deep Sea Port Development Agency, explains that Conti Group has not participated in the management of the Consortium since December 6 of 2018 and has not even been involved in negotiations.

According to him, any investor is obliged to agree any fact of alienation of the company shares with the Georgian government, but Conti International LLC has not informed provided any information in this regard.

“Therefore, we cannot make any assessment about possible outcomes. We need to obtain additional information, contact the Consortium, study this issue and we will fix our position later,” Davit Javakhadze said.