Northlux Management ups share in Uzbek vegetable oil producer
Tashkent, Uzbekistan, Dec. 21
By Mamed Dashdemirov – Trend:
UK’s Northlux Management Ltd. has acquired 19.26 percent of shares of Uzbekistan’s Toshkent Yog’-Moy Kombinati JSC (Tashkent oil and fat combine) for $1.14 million.
The deal was conducted on the FTC Market currency platform of the Toshkent Republican Stock Exchange.
In particular, the UK company purchased 1.527 million common shares at a price of $0.75 per share with par value of $0.22, and after this, its share in the Toshkent Yog’-Moy Kombinati JSC reached 29.58 percent.
The Toshkent Yog’-Moy Kombinati JSC was commissioned in 1966. It produces vegetable oil, margarine, mayonnaise and other products. The production capacity of the facility is 113,400 tons.
In January-September 2017, net revenue of the Toshkent Yog’-Moy Kombinati JSC amounted to 70.3 billion soums, which is 32.6 percent more than in the same period of 2016, and net profit decreased four times, to 1.9 billion soums.
(8,090 soums = 1 USD on Dec. 21)