In Uzbekistan’s internet market, the leading online trading platform — OLX Uzbekistan is expected to acquire a new owner in the near future. Every day, thousands of people use the platform to post advertisements for trade, rent, services, and various products.
This platform has more than 5.4 million regular users in the country and is known for its many years of experience and reliable services. For this reason, foreign financial institutions are showing increasing interest in it.
New owner — TBC Bank Group
One of the largest financial organizations in Georgia — TBC Bank Group officially announced its intention to acquire OLX Uzbekistan. This process will be carried out jointly with Titan Investments. A joint venture will be created between the two parties, which will own 100% of OLX Uzbekistan.
Financial terms not yet disclosed
At the moment, the exact financial aspects of the deal — in particular, the total amount and conditions — have not been announced. However, experts emphasize that this step will give new impetus to the development of the digital economy in the country.
Importance of the platform
OLX Uzbekistan has already become not just a site for posting ads, but a large-scale service that meets people’s daily needs. Through it, users can find offers in housing rental, vehicles, household appliances, services, and many other areas.
Therefore, its transfer into the hands of a new owner means not only the further development of the company, but also the strengthening of competition in the country’s online trading market.
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