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Coca-Cola shares in Uzbekistan to change hands

Finance Materials 7 August 2021 15:00 (UTC +04:00)
Coca-Cola shares in Uzbekistan to change hands

BAKU, Azerbaijan, August 7

By Jeila Aliyeva - Trend:

The Agency for the Management of State Assets of Uzbekistan has agreed to sell a 57.118-percent stake in "Coca-Cola Bottlers Uzbekistan, Ltd" LLC to "Coca-Cola İçecek A.Ş." (CCI), through its fully owned subsidiary - "CCI International Holland B.V.", Trend reports with reference to Uzbek media.

The price of the sale is $252.28 million.

The transaction was approved by the State Commission for Conducting Tender Auctions for the Sale of state property.

Coca-Cola Ichimligi Uzbekistaniston Ltd. plans to invest $31 million in Uzbekistan in 2020-2021.

The decision on the investment was made based on the data of our researches of Uzbekistan’s domestic market of soft drinks, conducted in cooperation with foreign analysts.

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Follow the author on Twitter: @JeilaAliyeva

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