Rustavi 2 owner announces sale of TV company

Rustavi 2 owner announces sale of TV company

The new owner of Rustavi 2 Kiber Khalvashi, who was given 100% of the company’s shares on July 18, is selling the broadcasting company.

In the statement Khalvashi said that he is going to sell Rustavi 2 through a “transparent competition”.

Khalvashi said that Rustavi 2 is in a “catastrophic situation” due to the debts company faces and his financial ability is not enough to “pull the company out of a deep crisis”.

He said that the only person he is not going to negotiate with is former president of Georgia Mikheil Saakashvili, who in his words is “the former informal owner and manager of Rustavi 2”.

"I decided to sell Rustavi 2 through a transparent competition to those who would pay the highest price. Taking the company’s severe financial crisis into account, the competition must be completed within a week," Agenda.ge cited Khalvashi as saying.

He added that former director general of the TV company Nika Gvaramia “practically used to robbed it”.

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