Uzbekistan to sell stake in Coca-Cola JV

Coca-Cola Consolidated

22/06/2020 13:38

TASHKENT, June 22 (Reuters) - The government of Uzbekistan
will sell a stake in its joint venture with Coca-Cola  COKE.O 
through open bidding, it said on Monday, and plans to hire
foreign investment banks to arrange the deal.
    Uzbekistan holds a 57.1% stake in the company which is one
of the biggest players in the soft drinks market of the Central
Asian nation of 34 million.
    Uzbekistan's State Asset Management Agency which announced
the sale plans in a brief statement provided no other details of
the potential deal.

 (Reporting by Mukhammadsharif Mamatkulov
Writing by Olzhas Auyezov
Editing by Louise Heavens)
 ((olzhas.auyezov@thomsonreuters.com; +7 727 2508 500; Reuters
Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))