Uzbekistan has sold its majority stake in Coca-Cola Bottlers Uzbekistan Ltd., according to press reports.

Interfax said yesterday (4 November) that the country's state property committee has sold its 57% stock interest in the joint venture for around US$15m to the joint venture Muzimpex, controlled by Zeromax of the US.

The press agency cited a committee source in the report.

The starting price for the 57% stake had been set at US$14m.

Coca-Cola Bottlers Uzbekistan, Ltd. was set up in 1993 by Coca-Cola Export   Corp. (42%   stake) and Uzbekistan's state association Uzpishcheprom (57%). The remaining shares are held by small investors.