A company owned by Georgian businessman Mindia Sabanadze plans to acquire the Zgapari supermarket chain. The Georgian Competition and Consumer Agency is reviewing whether the proposed acquisition of 100% of Zgapari’s shares by IG Retail LLC is compatible with the competitive environment.
According to the agency, Zgapari operates in the FMCG retail market, while companies controlled by IG Retail’s ultimate beneficiary are active in poultry production and retail, as well as FMCG retail. Interested parties can submit their opinions on the proposed transaction until November 20, 2026.
IG Retail was registered in October 2026. Its director is Nodar Sabanadze, while its owner is US-registered IG International, whose ultimate beneficial owner is Mindia Sabanadze. The holding also owns and manages City Mall shopping centres in Georgia.
Founded in 2007, Zgapari is managed by Director Tamar Udesiani. Its shareholders are Gia Arsenidze (26.67%), Konstantine Gelashvili (26.67%), Zurab Arsenidze (18.33%), Turkish national Uzeir Ozer (12.5%), Levan Pichkhaia (12.5%) and Nunu Lezhava (3.33%). The company reported revenue of GEL 97 million in 2025 and a net loss of GEL 1.1 million, down from GEL 5.2 million in 2024. Its accumulated losses reached GEL 9.8 million by the end of 2025.
