The beneficial owner of this company

[likhon450@]

is Nasib Hasanov. “Georgian Cement” and “Borjomi” are also registered in offshore countries, and they are also included in the list of the largest companies of the year where the most investments were made. The management of “Georgian Cement”, formerly “Heidelberg Cement Georgia”, officially changed this year. The company was left by the German Heidelberg Materials, which the German ambassador linked to the country’s foreign exchange rate, according to media reports .


As of December 31, 2022, the company “CaucasusCement Holding BV” located in the Netherlands owned 100% of the shares. Its shares are owned by: the company “HeidelbergCement Central Europe East Holding BV” registered in the Netherlands (45%), the company “Cement Invest BV” registered in Luxembourg (45%), Svetlana Lampriyanova-Bezhuashvili, a citizen of Georgia switzerland fax data (10%). In 2023, Cement Invest, which represents the interests of the Georgian Co-Investment Fund, Irakli Rukhadze's Honeywell Partners and the family of Davit Bezhuashvili, fully bought out Heidelberg Materials' stake in HeidelbergCement Georgia.


Cement Invest BV is jointly controlled by Cayman Islands-based GCF LP and British Virgin Islands-based Park Street Capital LP. As for the Borjomi company, before Russia's war in Ukraine, its controlling stake was owned by the Alfa Group, a group of sanctioned oligarchs Mikhail Fridman and Petr Aven. The company's operations were hampered by sanctions, and in order to save the brand, the Georgian government purchased a 7.