Russian energy company Inter Rao plans to increase its ownership of Telasi to 100%, according to a tender offer published on the legislative bulletin and Telasi’s website. Currently, Inter Rao holds 75.1% of Telasi through the Netherlands-registered Silk Road Holdings B.V., while the remaining 24.52% is owned by the Georgian Best Energy Group, part of CBS Holding.
The tender offer values each share at GEL 1.82, totaling GEL 51 million for 27,985,461 shares. The price was assessed by KPMG Georgia and is stated to not be lower than the maximum price paid by the company over the past six months. Shareholders wishing to sell must submit a written acceptance to Telasi’s central office by March 31, 2026, 18:00.
The tender schedule includes a review and decision process from April 1–7, with the completion of purchases and settlements set for April 24. Silk Road Holdings B.V. reserves the right to cancel the offer at any time, before or after the deadline. If successful, Inter Rao will become the sole owner of Telasi.
This move follows a multi-year tariff arbitration dispute that concluded on December 24, 2025, in which the Georgian government lost and agreed to pay Inter Rao $139 million in compensation.
