TASHKENT, Uzbekistan, September 30. Turkish automobile manufacturer Anadolu Isuzu, part of the Anadolu Group, is set to acquire a 75.2 percent state-owned stake in Samarkand Automobile Plant LLC (SamAuto) for $80 million, Trend reports via the State Assets Management Agency (SAMA).
SAMA enlisted the expertise of global entities KPMG to provide
financial advisory services and Dentons for comprehensive legal
support to facilitate the transaction process. Anadolu Isuzu's
conclusive proposal encompasses an acquisition cost of $80 million,
complemented by a parallel investment strategy of an equivalent
magnitude.
The capital allocation involves the initiation of manufacturing
operations for high-capacity (12–18 meter) buses and electric
vehicles within Uzbekistan, the rollout of authorized service
facilities across the nation, and the strategic exportation of
automotive units to Central Asia, the South Caucasus, the Middle
East, and Africa. The initiative seeks to strategically establish
Uzbekistan as a pivotal nexus in the regional transportation
network.
Per the insights from SAMA, the proposition from Anadolu Isuzu is
congruent with the appraisals rendered by KPMG and PwC. The State
Commission for the Privatization and Coordination of State-Owned
Assets has ratified the outcomes of the privatization processes.
The consummation of the transaction necessitates the endorsement
from the pertinent Turkish regulatory bodies.
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