Why is this important
The transaction confirms high interest in UzBAT assets and sets a market valuation of $855 million. This is one of the largest non-public businesses in the country, previously included in the “People’s IPO” program.
What happened
- 641,661 shares (2.6%) were sold for 269.8 billion soums.
- Price — 420 395 soums per share.
- The company’s market capitalization is approximately 10.36 trillion soums or $855 million.
- Initially, they wanted to place their share through an IPO in 2023.
- In 2024, the company allocated 66% of its profit (929.2 billion soums) to dividends.
- The payment amounted to 37,700 soums per share — 9% of the return to the current valuation.
Context
UzBAT is a joint venture with the participation of British American Tobacco. The company was excluded from the IPO list despite its high profitability. The sale through the exchange confirms the demand for high-quality assets in Uzbekistan.
