Portfolio

TBC Bank buys 65% of Georgia's My Group

By Frank Prenesti

Date: Monday 19 Aug 2019

(Sharecast News) - Georgia's TBC Bank on Monday said it was buying a 65% stake in domestic e-commerce company My-ge for GEL 19.45m (£5.47m) in cash, valuing the company at £29.93m.
TBC added that it had agreed a put and call option deal for the remaining 35% of the company, which operates as My Group.

My Group runs websites covering automotive, consumer-to-consumer and housing with a combined 1.7m unique monthly visitors.

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