Thursday, 19, September, 2024

After the signing of a shares purchase agreement between the State Assets Management Agency (SAMA) and Coca-Cola İçecek (CCI) within the framework of the economic forum in Tashkent, the acquisition of 57.118% of the shares of Coca-Cola Bottlers Uzbekistan, Ltd is officially completed.

Following the announcement made on August 6, 2021, CCI signed a share purchase agreement with SAMA as the winner in the open sale process for the privatization of Coca-Cola Bottlers Uzbekistan, Ltd., the acquisition is officially finalized with the receipt of relevant and customs permits, including state permits.

As a result of the completion and payment of the purchase price of US $ 252.28 million paid by SAMA, CCI became the owner of 57.118% of CCBU's shares. The remaining stake in CCBU is indirectly owned by The Coca-Cola Company.

In his speech at the signing ceremony, Tuncay Özilhan , Chairman of CCI and Anadolu Group, said: “We are proud to take a new step that will enrich and deepen the ties between Uzbekistan and Turkey, two brother countries with strong historical and cultural ties. Anadolu Group has a long history of investing in Central Asia. We have always believed in the potential of the region, and the results that we received from each of our investment decisions have always proved the rationality of our confidence. As Anadolu Group, we want to continue our investment to create jobs for the Uzbek people and add value to the country's liberalized and reformed economy. ”

“This deal can be considered one of the first successful examples of privatization. CCI's entry into the Uzbek soft drinks market once again confirms the huge interest in the country's rapidly growing economy and is viewed by Turkish investors as a serious step. I am sure that with the experience of CCI, Coca-Cola Bottlers Uzbekistan will reach a new level of quality, market development and labor productivity,” said Akmalkhon Ortikov, director of SAMA.

CCI is an international beverage company with operations in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Tajikistan and Uzbekistan. As one of the key suppliers of the Coca-Cola system, CCI manufactures, distributes and markets carbonated and non-carbonated drinks for The Coca-Cola Company.

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