BGEO Group said that in light of the proposed demerger, the board had approved the renaming of the group's investment business to Georgia Capital. BGEO said the new name better reflected the company's focus to capitalise on Georgia's fast-growing economy by investing its capital solely in Georgia. As a result, following the completion of the group's proposed demerger into a London-listed banking business (Bank of Georgia Group) and a London-listed investment business (Georgia Capital PLC), the group expects to retire its current holding company name of BGEO Group. Georgia Capital's management and staff will relocate to a new head office by the end of February.
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