UZBEKISTAN: Coke Bottlers stake changes hands
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.
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