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Daily News: Business
March 17, 2023


ASSETS OF “ELMAVALMSHENEBELI” SOLD AT THE SECOND AUCTION 2.5 TIMES CHEAPER THAN ORIGINALLY PLANNED

At the re-announced electronic auction on March 16, Georgian Executive Bureau sold assets of JSC Elmavalmshenebeli (Electric Locomotive Builder) for 19.52 million lari.

At the first auction (expired on March 9), initial price made up 48.8 million lari, but the assets were not sold.

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