Georgia Capital acquires leading Georgian craft beer producer

BGEO Group PLC (the “Group” or “BGEO”), announces that its investment business holding company, JSC Georgia Capital, has acquired a 100% equity stake in a leading Georgian craft beer producer, Black Lion LLC (“Black Lion” or the “Company”). Black Lion is the largest producer of a premium class craft beer in Georgia and operates a brewery with a capacity to produce 3 million litres per year. The Company launched sales in the beginning of 2016 and sold approximately 300,000 litres of craft beer in 2017, primarily targeting restaurants and bars in Tbilisi. The acquisition of Black Lion complements the existing basket of beverage products offered by the Group’s beverage business.