Materials with tag «privatization»
14 June 2023, 00:31
Hungary’s OTP Bank buys majority stake in Uzbekistan’s Ipoteka Bank
Ipoteka Bank, Uzbekistan’s fifth largest bank, was acquired by Hungary’s OTP Bank. They bought 73% of Ipoteka Bank’s shares from the Uzbek Ministry of Economy and Finance for $324 million, and plans to buy the remaining 26% within three years. The bank also changed its logo as part of the deal.
28 April 2023, 18:06
President reveals plans to transfer four Uzbek airports to private management
President Mirziyoyev unveils plans to transfer four Uzbek airports (Andijan, Namangan, Bukhara, and Urgench) to private sector management in 2023, and invited investors to participate in the evolving aviation sector.
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