Georgia Capital PLC - Tbilisi-based investor in domestic business in Georgia - Says wholly-owned subsidiary JSC Georgia Capital has exercised its option to put a 20% equity stake in Georgia Global Utilities JSC. The majority shareholder, Aqualia Georgia LLC, is to pay JSC GCAP a put option price of $70.4 million. Compleition of the transaction and the receipt of proceeds is expected by the end of July. The use of proceeds will be announced following the receipt of funds, Georgia Capital adds.

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