Singapore company Megastrata buys 30% stake in Savdogarbank; Silk Capital issues shares; Uzbekistan to build a nuclear power plant by 2028; Uzbekistan Eurobonds to be issued by end of the year; Scottish company buys Uzbek manufacturer Perfect Plast Profil; Uzbekistan opens market to Kazakhstani banks.
Singapore company Megastrata buys 30% stake in Savdogarbank
Singapore company Megastrata PTE. LTD bought a 30% stake in Savdogarbank for 17 billion soums.
In early 2017, the Megastrata PTE. LTD bought 108 million shares of “Savdogarbank” and became the owner of 21% of the company. Thus, the company now owns a controlling stake (51%).
The investment company decided to issue an additional 20 million common shares with a nominal value of 1,000 soums each.
The shares can be bought both on stock exchange and on over-the-counter (JSC Elsis-savdo).
Uzbekistan to build a nuclear power plant by 2028
As a result of the launch of the nuclear power plant, 3.7 billion cubic meters of natural gas will be saved. Even if you save gas saved without processing it, $ 550-600 million a year will flow into Uzbekistan.
Uzbekistan Eurobonds to be issued by end of the year
It is expected that the amount of the Eurobond issue will be $ 200-300 million.
Uzbekistan still remains one of the few countries in the world that does not have a sovereign credit rating. Uzbekistan is planning to place bonds to create a benchmark for the Uzbek market.
Scottish company buys Uzbek manufacturer Perfect Plast Profil
Esperansa Group LP acquired a 100% stake in Perfect Plast Profil. The amount was not disclosed.
The Scottish company bought the Uzbek producer Perfect Plast Profil, it follows from the data of the Republican Stock Exchange “Toshkent”.
Esperansa Group LP acquired 1 519 574 shares of the company, which is 100% of the company’s statutory fund. The transaction was made by the novation of the monetary obligation and issued on July 5.
Uzbekistan opens market to Kazakhstani banks
A document has been signed that will create a legal basis for Kazakhstani banks to enter Uzbekistan’s banking market.
It is planned to cooperate on regulatory, control and supervision issues to the extent permitted by national legislation.
The head of the National Bank also noted that Halyk bank claimed interest in the Uzbek market. He also expressed the hope that other banks will also want to open subsidiaries in Uzbekistan.