Bloomberg News

Georgian Billionaire Ivanishvili to Renounce French Citizenship

December 29, 2011

Dec. 29 (Bloomberg) -- Georgian billionaire Bidzina Ivanishvili said he will give up his French citizenship after losing a court appeal to restore his revoked Georgian passport.

Ivanishvili has already contacted the French Embassy in the Georgian capital, Tbilisi, his press office said in an e-mailed statement today. His Russian citizenship is already terminated, according to the statement.

On Dec. 11, Ivanishvili held an inaugural rally for his political campaign, called the “Georgian Dream,” which aims to challenge the current government. He wants to create an opposition party to take on President Mikheil Saakashvili.

--Editors: Jennifer M. Freedman, Paul Abelsky

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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