British company BAT Uzbekistan Investment has acquired the government’s 2.6% stake in the tobacco producer UzBat, the State Asset Management Agency (UzSAMA) reports.
The deal, worth over 269.7 bn soums ($22.2 mln), was signed at the end of September, with proceeds transferred to the state budget. The valuation was conducted by an independent assessor, and the report was verified for accuracy, the agency noted.
According to the Unified State Register of Enterprises (USREO), as of October 14, BAT Uzbekistan Investment now holds 97.3% of UzBat’s shares, while UzSAMA and the company’s employees each retain 2.6%.
Established in 1994, UzBat produces tobacco and nicotine products in Uzbekistan. Its net profit for the first nine months of 2024 exceeded 1 trln soums ($82.3 mln), with revenue reaching 2.6 trln soums ($214 mln).
Kursiv Uzbekistan also reports, citing local media, that a Russian marketplace, believed to be Wildberries, had purchased the state’s share in UzPost.
