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Uzbek NBU Investment to increase authorized capital

Business Materials 3 November 2011 16:52 (UTC +04:00)

Uzbekistan, Tashkent, Nov.3 / Trend, D. Azizov /

NBU Investment has registered an additional issue of shares worth 26 billion soums, the company said.

The issue consists of 26,000 ordinary shares with a par value of 1 million soums each. The issue shares will be placed by private subscription to the National Bank for Foreign Economic Activity of Uzbekistan.

After the placement, its authorized capital will increase by 65 percent from 40 billion soums to 66 billion soums.

The National Bank for Foreign Economic of Uzbekistan has established an investment management company "NBU Investment" in 2009.

NBU Investment was established by the National Bank of FEA to control the former bankrupt enterprises, whose assets are transferred to the bank. After the restoration and modernization of enterprises established on the basis of bankrupt enterprises, they can be sold to foreign investors.

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