On October 6, a large transaction involving shares of “UzBAT,” the country’s largest tobacco producer, took place on the Tashkent Stock Exchange. According to reports, the deal was registered on the over-the-counter Nego platform.
Under the terms of the deal, a 2.6 percent stake — 641,661 shares — was sold for 269.8 billion soums.
As a result, UzBAT’s total market capitalization reached 10.36 trillion soums, equivalent to about 855 million US dollars.
According to the enterprise and organization registry, the sold 2.6 percent stake previously belonged to the state, represented by the Agency for State Asset Management.
The main shareholder — Saber Baber, a foreign company — owns 97.38 percent of the shares, while 0.1 percent belongs to 40 UzBAT employees.
By the end of 2024, UzBAT’s net profit had grown by 40 percent to 1.41 trillion soums. That year the company was also recognized as the largest taxpayer among Uzbekistan’s private enterprises, contributing a total of 2.9 trillion soums to the budget.
Analysts note that this deal reflects the intensification of major privatization processes and the increased activity of the stock market in the country. Thus, UzBAT further strengthened its market position.
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