IDS Borjomi International is the largest producer of mineral and fresh waters in the CIS. According to the financial report, the holding's sales exceed half a billion USD annually, and its net profit was up to USD 60 million before the start of the war in Ukraine by Russia.
In December 2012, an agreement was reached between Russian billionaire Mikhail Friedman's Alfa Group and the Patarkatsishvili family. Alfa agreed to acquire a 60% stake in IDS Borjomi International for USD 460 million, while the family would retain a 40% stake in the company.
In June 2022, 7.73% of the shares of IDS Borjomi International (or Rissa Investments Limited) were transferred to the state of Georgia, while the state appointed Giorgi Maisuradze as the chairman of the company's board of directors.
Accoridng to the financial report published by Rissa Investments Limited for 1Q2022, the company's revenue was USD 254 million and net profit was USD 30.9 million. It is not yet publicly known how much was the company's total net profit.
BMG addressed the Ministry of Economy and Sustainable Development with a letter requesting public information about whether the holding will issue dividends from the net profit of 2022 and how many million dollars the Georgian budget will receive directly from the minority package of shares.
The list of shareholders of Borjomi Holding (Rissa Investments Limited):
● Erasmony Limited (Mikhail Fridman and Petr Aven - "Alfa Group") - 49.99%
● Black Waters Limited (Patarkatsishvili family) - 38.48%
● State of Georgia - 7.73%
● "Former employee and various shareholders" - 3.79%
IDS Borjomi International's total revenue was USD 461 million in 2020, while the fogure stood at USD 505 million in 2019. In 2021, its sales reached USD 558 million.
