{"id":11290,"date":"2025-10-19T11:11:50","date_gmt":"2025-10-19T06:11:50","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/against-the-backdrop-of-expansion-and-a-record-log-center-zafar-khashimov-allowed-the-ipo-of-korzinka\/"},"modified":"2025-10-19T11:11:50","modified_gmt":"2025-10-19T06:11:50","slug":"against-the-backdrop-of-expansion-and-a-record-log-center-zafar-khashimov-allowed-the-ipo-of-korzinka","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/against-the-backdrop-of-expansion-and-a-record-log-center-zafar-khashimov-allowed-the-ipo-of-korzinka\/","title":{"rendered":"Against the backdrop of expansion and a record log center, Zafar Khashimov allowed the IPO of Korzinka"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>Korzinka is the largest retailer in Uzbekistan. A potential IPO could be the national brand&#8217;s first public offering in retail and a symbol of the country&#8217;s private sector&#8217;s maturity. <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>Zafar Khashimov <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-10-15\/uzbekistan-attracts-global-investors-including-citibank-jpmorgan?embedded-checkout=true\">told<\/a> Bloomberg that he is considering the possibility of <strong>Korzinka&#8217;s IPO<\/strong>, but the timing has not been determined.<\/li>\n<li>He emphasized that <strong>risks in Uzbekistan are manageable<\/strong>, and changes in the country are <strong>irreversible<\/strong>.<\/li>\n<li>This week, Shavkat Mirziyoyev visited the <strong>Anglesey Food Distribution Center<\/strong>, which serves Korzinka.<\/li>\n<li>The center, with an area of 49 thousand m\u00b2, is <strong>the largest A-class logistics hub<\/strong> in Central Asia, built for $50 million.<\/li>\n<li>The center serves up to <strong>500 supermarkets<\/strong> and includes 145 gates, 5 temperature zones, solar panels, and a CO\u2082 refrigeration system.<\/li>\n<li>Korzinka plans to increase the number of stores to <strong>1,000 in the coming years<\/strong>.<\/li>\n<\/ul>\n<p><strong>What they say<\/strong><\/p>\n<blockquote><p>Risks in Uzbekistan are quite manageable, and changes seem irreversible, \u2014 Zafar Khashimov, founder of Korzinka.<\/p><\/blockquote>\n<p>Korzinka&#8217;s press service, in a <a href=\"https:\/\/www.spot.uz\/ru\/2025\/10\/18\/korzinka-ipo\/\">comment<\/a> to Spot, noted that they are not ready to discuss the IPO while various development options are being considered.<\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Korzinka is a leading player in Uzbek retail, and the company is actively expanding its logistics, operating capacity, and reach. In Uzbekistan, interest in companies entering the IPO is growing, including within the framework of the state privatization program. Bloomberg and other Western publications note the growing interest of investors in the private sector of Uzbekistan. The Korzinka project is supported by the IFC and DEG, which increases its investment transparency.    <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of the Korzinka supermarket chain, Zafar Hashimov, publicly allowed the company to go public for the first time. He made this statement in an interview with Bloomberg. <\/p>\n","protected":false},"author":4,"featured_media":11273,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/10\/68f48c8ed9823.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":11273,"YlB8HH34jIzY":"Against the backdrop of expansion and a record log center, Zafar Khashimov allowed the IPO of Korzinka"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[3307,2062,3310,2951,3309],"class_list":["post-11290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-bloomberg-en","tag-business","tag-ifc-en","tag-korzinka-en","tag-zafar-khashimov"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Against the backdrop of expansion and a record log center, Zafar Khashimov allowed the IPO of Korzinka &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"The founder of the Korzinka supermarket chain, Zafar Hashimov, publicly allowed the company to go public for the first time. 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