Singapore-Based Company to Acquire Uzbek Mining Firm

Uzbekistan’s Competition Committee has reviewed and approved a takeover application submitted by Multinational Mining Group Overseas PTE Ltd, a company registered in Singapore.

The firm, which specialises in holding operations and corporate investments, intends to acquire 100% of the shares in Multinational Mine Group LLC FE, a company involved in mineral exploration and engineering research in Uzbekistan.

Following a detailed analysis by the Committee’s Special Commission, it was determined that the transaction would not negatively affect competition in the relevant market.

As a result, the Committee granted formal approval for the acquisition to proceed.

Kursiv also reports that China National Gold Group has expressed interest in investing in the geological exploration of promising mineral deposits in Uzbekistan.