12 March 2025,   11:23
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David Kezerashvili hands over remaining shares in Formula TV to Mikheil Mshvildadze

David Kezerashvili no longer holds shares in Formula TV. The former Defense Minister has officially transferred his remaining 26% stake to its co-founders Mikheil Mshvildadze and Zurab Gumbaridze.

The shares of Formula TV are now distributed as follows:

Mikheil Mshvildadze – 38.25%;
Zurab Gumbaridze – 32.25%;
Freedom Formula – 25%;
Irakli Saghinadze – 2.25%;
Giorgi Liponava – 2.25%.

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