- BGEO Group said its investment arm Georgia Capital acquired leading Georgian craft beer producer Black Lion.

The acquisition of Black Lion complements the existing basket of beverage products offered by the Group's beverage business.

Irakli Gilauri, BGEO Group CEO said: 'I am delighted to announce the successful acquisition of Black Lion. With this acquisition, our beverage business will have a significant presence in the fast-growing craft beer market, with an outstanding product with a high quality, well-recognised brand.'

Black Lion is the largest producer of a premium class craft beer in Georgia and operates a brewery with a capacity to produce 3 million litres per year.

At 8:22am: [LON:BGEO] BGEO Group share price was -15p at 3507p

Story provided by