British American Tobacco (BAT) has again increased its share in the capital of the Samarkand company Samfruit, following from the data of the stock exchange.
The OTC transaction took place on October 22nd. BAT bought another 512 thousand shares (1.45%). Now she owns 12.4 million shares – this is 36.55% of Samfruit.
This deal is the third one to date between the two companies in 2021. In June, BAT acquired 712,000 Samfruit shares or 2% of its capital. In September, it expanded its stake by another 0.99%, purchasing an additional 350 thousand shares of the Samarkand company.
In 2019, JV “UzBAT” invested $ 11 million in the creation of a joint venture with Samfruit. The money was planned to be used to purchase equipment for freeze-drying and air drying, additional packaging and packaging of fruits and vegetables.
Samfruit is an Uzbek-Swiss joint venture established in 2003. The company is a manufacturer and distributor of natural dried vegetables and dried fruits. Today, Samfruit products are exported to 16 countries.
JV “UZBAT” was established in 1994. In 1997, the company built the Samarkand cigarette factory. British American Tobacco’s investments in the Uzbek economy exceeded $ 400 million.
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