Kibar Khalvashi Offers 40% of Shares to Rustavi 2 Founders

According to Kibar Khalvashi, the current 100% shareholder of Rustavi 2 TV Company, he offered 40% of Rustavi 2 shares to the founders of the TV channel, Jarji Akimidze and Davit Dvali, yet they "they did not seem to be happy" with this proposal. 

“I offered them partnership, I offered them 40% of Rustavi 2 shares, but they did not seem to be happy. However, we may continue negotiations tomorrow. They also had a proposal in their turn and I have to think about it,” Khalvashi said.

Khalvashi made the relevant statement after meeting with Akimidze and Dvali yesterday. 

The main issue discussed at the meeting was the transfer of Rustavi 2 shares to the two. 

The newly appointed Director-General of Rustavi 2, Paata Salia, who is at the same time Khalvashi's lawyer, also attended the meeting.

On July 18, the European Court of Human Rights delivered a verdict on the ownership dispute of one of Georgia’s largest TV channels, Rustavi 2.

According to the Court’s judgment, there were no violations of any Article of the European Convention on Human Rights in the case of Rustavi 2. Additionally, the rights of Rustavi 2 and its owners were not violated in the Georgian courts. Rustavi 2 can appeal the case in the Grand Chamber of Strasburg.

The Strasburg Court suspended a temporary measure whereby the mechanism of suspending the judgment of the Supreme Court of Georgia no longer exist. Accordingly, the TV company was re-registered to shareholder Kibar Khalvashi, as it was decided by the courts of three instances in Georgia. 

On the same day, Nika Gvaramia was dismissed from the post of Director-General of TV Company Rustavi 2. The TV Channel now has a new head - Paata Salia, the lawyer of the current owner of Rustavi 2 - businessman Kibar Khalvashi. 

Related Story: Kibar Khalvashi Meets With Rustavi 2 Founders

By Ana Dumbadze