22.Sep .2019 12:58

Anaklia Development Consortium publishes statement regarding Meridian Capital Limited

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Anaklia Development Consortium LLC (ADC) would like to correct the record regarding certain incorrect information recently disseminated in the media about one of our potential investors, Meridian Capital Limited.
Meridian Capital Limited (Meridian) is a large international investment firm with a diversified investment portfolio spanning consumer goods, real estate, hospitality, infrastructure and natural resources. Meridian originates from Kazakhstan, is headquartered in Hong Kong and has several subsidiaries and offices worldwide.

Meridian and its affiliates have extensive investment experience within the Central Asian – Caspian region and worldwide, including Eastern Europe, Asia and the United States, including investments in infrastructure and transportation. Meridian’s global investments and projects include:

▸ A skyscraper in Midtown Manhattan (New York City, US), developed in partnership with Extell, one of New York’s leading developers
▸ World-class hospitality assets, including Meridian Adventure Dive Resort and Marina Club (Waisai, Indonesia); Four Seasons Bora Bora (French Polynesia), and Hidden Bay Teos (Izmir, Turkey)
▸ Food Union – a Baltic origin dairy and ice cream company with substantial operations in Latvia, Estonia, Lithuania, Denmark, Norway, Russia, Belarus, China and Romania
▸ Novaport, which owns and operates 14 regional airports in Russia
In the past Meridian has sold off prior investments in public listings (an oil and gas company on AIM in London), to Morgan Stanley (a major real estate project in St. Petersburg), and to the French public company Danone.
More information about Meridian, its management, portfolio and profile could be found through its web-site: https://www.meridiancapitallimited.com/

ADC clarifies further that Meridian is not the only investor with whom ADC is currently discussing opportunities to invest in Anaklia Port Project. ADC is in negotiations with a major US private equity fund that has also been presented to the Government of Georgia for consideration as a potential equity investor for the Project.

ADC continues to work hard with all stakeholders involved, including the Government of Georgia, to meet its contractual obligations and achieve the financial close required for successful implementation of Anaklia Port Project.

Source - Anaklia Development Consortium